Waec Model Questions Vol1 2017 Agricultural Science Question 34
Practice objective / multiple choice question 34 from the 2017 Waec Model Questions Vol1 Agricultural Science examination.
A farmer produces maize. The total cost (in naira) of production is given by \(C = 5,000 + 30Q + 0.02Q^{2}\), where \(Q\) is the quantity produced in kilograms. The market price per kilogram follows the linear demand function \(P = 200 - 0.01Q\). Determine the quantity \(Q\) that maximises the farmer's profit and compute the maximum profit. Give \(Q\) to the nearest kilogram and profit to the nearest naira.
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About This Question
This is Waec Model Questions Vol1 2017 Agricultural Science Question 34. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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