Chemical Engineering Plant Economics
Payback period

Is the length of time over which the earnings on a project equals the investment
Is affected by the variation in earnings after the recovery of the investment
All of these
And economic life of a project are the same

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Chemical Engineering Plant Economics
In a manufacturing industry, break even point occurs, when the

Annual sales equals the fixed cost
Total annual product cost equals the total annual sales
Total annual rate of production equals the assigned value
Annual profit equals the expected value

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Chemical Engineering Plant Economics
In declining balance method of depreciation calculation, the

Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
Value of the asset decreases linearly with time
None of these
Annual cost of depreciation is same every year

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