56. A farm business makes profit when
A. total revenue equals total cost
B. total cost exceeds total revenue
C. total cost exceeds total revenue
D. average cost equals total revenue
57. Agricultural business is difficult to insure in West Africa mainly because
A. agricultural production is not very profitable
B. agricultural production is highly risky
C. many farmers are very poor
D. the premium is very high
58. A tractor with an expected life of 10 years was bought for Le 15.0m at the end of which it was to be sold for Le 1.0m. its calculated depreciation is
A. Le 1.4m
B. Le 1.5m
C. Le 1.6m
D. Le 1.7m
59. The aims and objectives of agricultural extension education do not include
A. educating farmers on the use of new tools
B. educating farmers on government’s annual budgets
C. encouraging farmers to obtain loans for farming
D. encouraging farmers to use meteorological information in farming
60. The process which a famer goes through form the time he hears about a new idea till he finally accepts it, is referred to as
A. evolution
B. revolution
C. diffusion
D. adoption