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

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

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Chemical Engineering Plant Economics
Payback period

And economic life of a project are the same
All of these
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

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