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anment: Chapter 02 Homework: Measuring Performance in Operations and Value Chains Assignment Score: 50.00% 7- Save Submit Assignment for Grading tions Problem 2-32 Algo (Types of Performance Measures) Question 2 of 2 Check My Work O A hamburger factory produces 75,000 hamburgers each week. The equipment used costs $10,000 and will remain productive for four years. The labor cost per year is $12,000. a. What is the productivity measure of "units of output per dollar of input" averaged over the four-year period? Assume that there are 52 weeks per year. Round your answer to one decimal place. Productivity: hamburgers/dollar b. We have the option of $7,000 equipment, with an operating life of three years. It would increase labor costs to $14,500 per year. Should we consider purchasing this equipment (using productivity arguments alone)? Assume that there are 52 weeks per year. Round your answer for productivity to one decimal place. For the cheap machine, productivity is hamburgers/dollar input. Because the productivity of the cheap machine it -Select- it would be a -Select- investment based on this single criterion. higher lower