Waec Agricultural Science 2006 Past Questions and Answers

Question 56:

• WAEC 2006

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

Question 57:

• WAEC 2006

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

Question 58:

• WAEC 2006

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

Question 59:

• WAEC 2006

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

Question 60:

• WAEC 2006

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