Neco Model Questions Vol1 2022 Agricultural Science Question 46
Practice objective / multiple choice question 46 from the 2022 Neco Model Questions Vol1 Agricultural Science examination.
A farmer plans to cultivate maize on 5 ha. Fixed costs amount to ₦150,000. The total cost for the 5 ha is ₦350,000. Expected yield is 4 tonnes per ha and the market price is ₦120,000 per tonne. What minimum selling price per tonne must the farmer set to obtain a profit of at least ₦200,000?
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About This Question
This is Neco Model Questions Vol1 2022 Agricultural Science Question 46. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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