A farmer sold all his harvested maize totaling 260 kg at N5.50 per kg, thereby making a profit of N430.00. Calculate the production cost of maize per kg.

A. N4.05

B. N3.85

C. N3.75

D. N3.65

A farmer sold all his harvested maize totaling 260 kg at N5.50 per kg, thereby making a profit of N430.00. Determine the percentage profit per kg of maize sold.

A. 35%

B. 40%

C. 43%

D. 52%

The demand for agricultural produce is generally

A. elastic

B. inelastic

C. unitary

D. static

Agricultural credits should be put to the following uses except

A. purchase of inputs

B. meeting family needs

C. improvement of structures

D. adoption of innovations

Which of the following statements is not true about profit and loss account of a farm?

A. it is prepared at the end of business period usually a year

B. all expenses and purchases are listed on the right-hand side

C. all expenses and purchases are listed on the left-hand side

D. all receipts and sales are listed on the right-hand side

Agricultural education programmes for rural youth will reduce the

A. rate of adoption of innovations

B. population of youth in rural areas

C. age at which youth will venture into family life

D. dependncy of youth on parents