Waec Model Questions Vol1 2017 Economics Question 31
Practice objective / multiple choice question 31 from the 2017 Waec Model Questions Vol1 Economics examination.
A farmer applies N kilograms of fertilizer to his field. The total output of rice (in tons) is given by Q = 20 + 5√N. The market price of rice is ₦1,500 per ton and the fertilizer costs ₦200 per kilogram. Assuming other costs are negligible, determine the quantity of fertilizer (in whole kilograms) that maximizes the farmer's profit.
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About This Question
This is Waec Model Questions Vol1 2017 Economics Question 31. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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