Waec Model Questions Vol1 2021 Government Question 45

Practice objective / multiple choice question 45 from the 2021 Waec Model Questions Vol1 Government examination.

Waec Model Questions Vol1 2021 Government Objective / Multiple Choice Hard Difficulty
Question 45 WAEC_MODEL_QUESTIONS_VOL1 • 2021 • GOVERNMENT • objective

A local government council has a three‑year development budget of N500 million to be allocated among three projects: A (infrastructure), B (health) and C (education). Each project must receive at least N80 million. The projected annual benefit (in monetary terms) when a project receives the minimum allocation is: A - N120 million, B - N90 million, C - N70 million. Benefits diminish by 5% each subsequent year. Using a discount rate of 10% per annum, determine the allocation (in millions of Naira) to each project that maximizes the total discounted benefit over the three years. Assume benefits are proportional to the amount allocated.

Answer Options

Correct Answer A. Project A: N340 million, Project B: N80 million, Project C: N80 million
B. Project A: N320 million, Project B: N100 million, Project C: N80 million
C. Project A: N300 million, Project B: N120 million, Project C: N80 million
D. Project A: N330 million, Project B: N90 million, Project C: N80 million
Correct Answer
A
Correct Option:
Project A: N340 million, Project B: N80 million, Project C: N80 million

About This Question

This is Waec Model Questions Vol1 2021 Government Question 45. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Government examination.

Difficulty level: Hard .

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