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Agricultural Science Past Questions and Answers

Agricultural Science Questions

Question 1406:
The advantages derived from the efficient combination of factors of production in agriculture include the following except
  • A Reduced production cost
  • B Increased production cost
  • C Increased profit margins
  • D Increased gross revenue
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Question 1407:
When a change in price brings on change in demand, the situation is described as
  • A Perfectly inelastic
  • B Perfectly elastic
  • C Fairly inelastic
  • D Fairly elastic
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Question 1408:
A farmer purchased a sprayer for N12,500 in 1974, at the end of the fourth year, he sold it for N4,300. The total depreciation is
  • A N16,800
  • B N8,200
  • C N7,250
  • D N820
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Question 1409:
A farmer purchased a sprayer for N12,500 in 1974, at the end of the fourth year, he sold it for N4,300. The salvage value is
  • A N1,075
  • B N2,150
  • C N4,300
  • D N8,400
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Question 1410:
A farmer purchased a sprayer for N12,500 in 1974, at the end of the fourth year, he sold it for N4,300. The annual depreciation of the equipment is
  • A N33,600
  • B N20,050
  • C N2,050
  • D N2,005
View Answer & Explanation