The economic life of a large chemical process plant as compared to a small chemical plant is_______________?
Correct answer: B. Much more
- A. Only slightly more
- B. Much more
- C. Slightly less
- D. Almost equal
Explanation
Large chemical plants usually have a much longer economic life because their high initial investment is spread over greater capacity and they are designed for long-term continuous operation. Their economic replacement point is therefore generally later than that of small plants.
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