Neco Model Questions Vol1 2023 Agricultural Science Question 36

Practice objective / multiple choice question 36 from the 2023 Neco Model Questions Vol1 Agricultural Science examination.

Neco Model Questions Vol1 2023 Agricultural Science Objective / Multiple Choice Medium Difficulty
Question 36 NECO_MODEL_QUESTIONS_VOL1 • 2023 • AGRICULTURAL_SCIENCE • objective

A farmer plans to keep chickens. Fixed costs are \(\text{₦}150{,}000\) per year. Variable cost per chicken is \(\text{₦}12{,}000\). Each chicken is sold for \(\text{₦}20{,}000\). The farm can accommodate at most 120 chickens. What is the minimum number of chickens the farmer must keep to achieve an annual profit of at least \(\text{₦}300{,}000\)? Give your answer as the smallest whole number of chickens.

Answer Options

A. 55 chickens
B. 58 chickens
C. 60 chickens
Correct Answer D. 57 chickens
Correct Answer
D
Correct Option:
57 chickens

About This Question

This is Neco Model Questions Vol1 2023 Agricultural Science Question 36. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Agricultural Science examination.

Difficulty level: Medium .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support