Waec Model Questions Vol1 2024 Agricultural Science Question 30
Practice objective / multiple choice question 30 from the 2024 Waec Model Questions Vol1 Agricultural Science examination.
A forest stand of a fast‑growing species occupies 10 ha. Its volume growth (cubic metres per ha) after planting follows V(t)=0.5 t², where t is the age in years (0 ≤ t ≤ 20). Timber sells for N150 per cubic metre and the annual discount rate is 8 %. Ignoring regeneration costs, determine the rotation age T (in whole years) that maximizes the present value of net revenue per hectare, and give the corresponding maximum present value (rounded to the nearest N).
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About This Question
This is Waec Model Questions Vol1 2024 Agricultural Science Question 30. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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