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Problem 2-8 A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 55 minutes is needed
Problem 2-8 A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 55 minutes is needed to do a title search. The researcher cost is $2.00 per minute. Clients are charged a fee of $400. Company A's software would reduce the average search time by 12 minutes, at a cost of $3.40 per search. Company B's software would reduce the average search time by 17 minutes at a cost of $5.30 per search a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.) Productivity (Revenue per Dollar Input Approach Current Company A Company B . wicn opicn woud hano r dingun CompanyA Company B O Current
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