Neco Model Questions Vol1 2023 Economics Question 47
Practice objective / multiple choice question 47 from the 2023 Neco Model Questions Vol1 Economics examination.
A farmer has 10 hectares of land to allocate between maize and beans. Maize yields a profit of ₦150 per hectare and requires 2 days of labour per hectare. Beans yield a profit of ₦200 per hectare and require 4 days of labour per hectare. The farmer has at most 30 labour‑days available. The government offers a 20 % subsidy on the profit from beans, but only if the area planted to beans exceeds 3 ha. Determine the optimal allocation of land (ha of maize and ha of beans) that maximises total profit and state the maximum profit.
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About This Question
This is Neco Model Questions Vol1 2023 Economics Question 47. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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