Neco Model Questions Vol1 2025 Agricultural Science Question 46
Practice objective / multiple choice question 46 from the 2025 Neco Model Questions Vol1 Agricultural Science examination.
Given a forest stand whose timber volume (in m³ per hectare) at age \(t\) years is \(V(t)=0.5t^{2}+3t\) for \(0\le t\le30\). Timber sells for ₦150 per m³. A planting and maintenance cost of ₦2,000 per hectare is incurred at establishment (time 0). A thinning operation costing ₦500 per hectare is performed at age 12 years. Assume a discount rate of 10 % per annum. Determine the rotation age (integer number of years) that maximizes the present value of net revenue from a single harvest, ignoring any salvage value. State the optimal age in years.
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About This Question
This is Neco Model Questions Vol1 2025 Agricultural Science Question 46. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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