Question
A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search. Currently, an average of 58
A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search. Currently, an average of 58 minutes is needed to do a title search. The researcher cost is $1.40 per minute. Clients are charged a fee of $410. Company As software would reduce the average search time by 17 minutes, at a cost of $3.70 per search. Company Bs software would reduce the average search time by 22 minutes at a cost of $5.70 per search. a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places.)
b. Which option would have the highest productivity in terms of revenue per dollar of input?
multiple choice
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Company A
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Company B
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Current
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