GCE Agricultural Science 2025 Objective — Question 47

A farmer's total cost of producing 500 trays of eggs was #350,000.00. Before sales, the farmer's family consumed 1% of the total output. The farmer earned #500,000.00 from the sale of the eggs, incurring a marketing cost of #30,000.00. Use the information above to answer this question and the next two. The farmer's cost of producing a tray of eggs is

• A. #640.00
• B. #700.00Correct
• C. #760.00
• D. #1,000.00