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Chemical engineering plant cost index is used for finding the present...

This question belongs to Chemical Engineering Chemical Engineering Plant Economics
Chemical Engineering Plant Economics
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Chemical engineering plant cost index is used for finding the present cost of a particular chemical plant, if the cost of similar plant at some time in the past is known.
The present cost of the plant = $${\text{original cost}} \times \frac{{{\text{index value at present}}}}{{{\text{index value at time original cost was obtained}}}}.$$
The most major component of this cost index is

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Correct Answer: Option A
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