Question 1 Report
(a)(i) State the law of diminishing returns [2 marks}
(ii) Explain the main cause of diminishing returns in agricultural production. [2 marks]
(b) A commercial farmer bought a second hand combine harvester for N100,000.00 in 1990, and sold it for N30,000.00 in 2000. For the combine harvester (i) salvage value [1 marks]
(ii) total depreciation [2 marks]
(iii) annual depreciation [2 marks]
(c) List seven problems of agricultural extension services in West Africa. [7 marks]