Waec Model Questions Vol1 2025 Agricultural Science Question 29

Practice objective / multiple choice question 29 from the 2025 Waec Model Questions Vol1 Agricultural Science examination.

Waec Model Questions Vol1 2025 Agricultural Science Objective / Multiple Choice Hard Difficulty
Question 29 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • AGRICULTURAL_SCIENCE • objective

A farmer grows maize on 5 ha. Variable cost is ₦45 000 per tonne (seed, fertilizer, labour). Fixed cost per season is ₦150 000. Expected yield is 2.8 t ha⁻¹. The current market price is ₦70 000 t⁻¹ but is projected to fall by 12 % because of increased imports. The government offers a subsidy of ₦8 000 per tonne for the first 2 t produced on each hectare. (i) What is the minimum market price (after the projected fall) at which the farmer will break even, taking the subsidy into account? (ii) If the price after the fall is ₦61 600 t⁻¹, what profit will the farmer make? Express the profit in naira.

Answer Options

A. Break‑even price = ₦48 000 t⁻¹; profit at ₦61 600 t⁻¹ = ₦150 000
B. Break‑even price = ₦50 000 t⁻¹; profit at ₦61 600 t⁻¹ = ₦140 000
Correct Answer C. Break‑even price = ₦50 000 t⁻¹; profit at ₦61 600 t⁻¹ = ₦162 400
D. Break‑even price = ₦52 000 t⁻¹; profit at ₦61 600 t⁻¹ = ₦170 000
Correct Answer
C
Correct Option:
Break‑even price = ₦50 000 t⁻¹; profit at ₦61 600 t⁻¹ = ₦162 400

About This Question

This is Waec Model Questions Vol1 2025 Agricultural Science Question 29. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Agricultural Science examination.

Difficulty level: Hard .

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