Neco Model Questions Vol1 2025 Agricultural Science Question 30
Practice objective / multiple choice question 30 from the 2025 Neco Model Questions Vol1 Agricultural Science examination.
A farmer's total cost function for maize production is \(C(q)=0.05q^{2}+30q+5{,}000\) (₦), where \(q\) is the quantity produced in tonnes. The market demand is given by \(P=2{,}000-20q\) (₦ per tonne). Determine the quantity that maximizes profit and compute the maximum profit (rounded to the nearest naira).
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This is Neco Model Questions Vol1 2025 Agricultural Science Question 30. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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