Neco Model Questions Vol1 2023 Economics Question 41
Practice objective / multiple choice question 41 from the 2023 Neco Model Questions Vol1 Economics examination.
A farmer raises 200 chickens. Each chicken requires at least \(0.12\) kg of feed per day. Two types of feed are available: Feed X contains 20 % protein and costs ₦250 per kg; Feed Y contains 12 % protein and costs ₦180 per kg. Chickens must receive at least 18 % protein in their daily feed. The farmer wants to minimise the daily feed cost while meeting the protein requirement and the minimum feed amount. He has a total budget of ₦200 000. Determine (i) the optimal kilograms of Feed X and Feed Y to give each chicken per day, (ii) the minimum total daily cost for all 200 chickens, and (iii) the maximum whole number of days he can continue feeding the flock with the given budget.
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About This Question
This is Neco Model Questions Vol1 2023 Economics Question 41. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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