Neco Model Questions Vol1 2025 Agricultural Science Question 40
Practice objective / multiple choice question 40 from the 2025 Neco Model Questions Vol1 Agricultural Science examination.
A farmer intends to cultivate maize on \(5\) ha. Variable costs (seed, fertilizer, labour) are \(\text{₦}45{,}000\) per hectare, and fixed costs (machinery, land rent) total \(\text{₦}120{,}000\). Expected yield under normal conditions is \(4\) t ha\(^{-1}\). There is a \(10\%\) chance that any given hectare will suffer a pest outbreak, reducing its yield by \(30\%\). The market price of maize is currently \(\text{₦}12{,}000\) per tonne.\n\n(a) Compute the expected total yield (in tonnes) for the whole farm.\n(b) Using the expected yield, calculate the break‑even market price per tonne that would give the farmer an expected profit of zero.
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This is Neco Model Questions Vol1 2025 Agricultural Science Question 40. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Medium .
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