Waec Model Questions Vol1 2020 Economics Question 44
Practice objective / multiple choice question 44 from the 2020 Waec Model Questions Vol1 Economics examination.
A farmer has 10 hectares of land to allocate between maize and soybeans. Yield per hectare: maize 3 tonnes, soybeans 2.5 tonnes. Expected market prices: maize ₦1,200 per tonne, soybeans ₦2,200 per tonne. Variable cost per hectare: maize ₦1,200, soybeans ₦1,500. Fixed cost for the farm: ₦30,000. At least 3 hectares must be planted to soybeans for soil health, and at most 7 hectares of soybeans can be sold due to market limits. Determine the optimal hectares for each crop and the maximum profit (in naira).
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About This Question
This is Waec Model Questions Vol1 2020 Economics Question 44. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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