Determine the estimated cost of the proposed plant


Problem

The estimated cost to construct a small polymerization plant is required before your firm's management will fund any preliminary design work. Data shows that a plant twice the size of the proposed plant cost $22M to construct. Using order-of-magnitude estimating methods, determine the estimated cost of the proposed plant.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine the estimated cost of the proposed plant
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