Waec Model Questions Vol1 2024 Agricultural Science Question 39
Practice objective / multiple choice question 39 from the 2024 Waec Model Questions Vol1 Agricultural Science examination.
A farmer cultivates soybeans. Variable cost is N200 per hectare and fixed cost is N20 000 per farm. The expected yield per hectare (in tonnes) declines with the area planted according to the function Y = 2 - 0.001Q, where Q is the total hectares planted. The market price is N500 per tonne. Determine the farm size (in hectares) that maximizes profit and compute the maximum profit (in Naira).
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About This Question
This is Waec Model Questions Vol1 2024 Agricultural Science Question 39. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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