Chemical Engineering Plant Economics
Optimum economic pipe diameter for fluid is determined by the

Density of the fluid
Total cost considerations (pumping cost plus fixed cost of the pipe)
Viscosity of the fluid
None of these

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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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