Waec Model Questions Vol1 2024 Economics Question 32
Practice objective / multiple choice question 32 from the 2024 Waec Model Questions Vol1 Economics examination.
A farmer applies nitrogen fertilizer (N) to wheat. The marginal product of fertilizer (in tonnes per kg) is MP(N)=20‑0.5N for 0≤N≤30. Wheat sells for ₦150 per tonne and fertilizer costs ₦40 per kg. If the farmer can use at most 30 kg ha⁻¹, what quantity of fertilizer (in kg ha⁻¹) maximises profit?
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This is Waec Model Questions Vol1 2024 Economics Question 32. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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