Neco Model Questions Vol1 2023 Agricultural Science Question 26
Practice objective / multiple choice question 26 from the 2023 Neco Model Questions Vol1 Agricultural Science examination.
A farmer has fixed costs of ₦150,000 per month. The variable cost of producing maize is ₦30 per kg for the first 3,000 kg and ₦35 per kg for any quantity above 3,000 kg. The market price is ₦50 per kg, but if the total quantity sold exceeds \(4,000\) kg the price falls by 8 % for the whole sale. The farmer wants a profit of at least ₦200,000 in the month. What is the minimum whole number of kilograms of maize the farmer must sell to meet the target profit?
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About This Question
This is Neco Model Questions Vol1 2023 Agricultural Science Question 26. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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