Agricultural ScienceAgricultural economics and extensionWAEC
A farmer's fixed costs are ₦200,000 and variable costs ₦300,000. He sells produce for ₦650,000. His profit is
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Answer: D. ₦150,000
Total cost = ₦500,000; profit = 650,000 − 500,000.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.