Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The legal assistants at a prestigious law firm have proposed a new search engine for their use. They charge their clients $645 for each title

image text in transcribed
The legal assistants at a prestigious law firm have proposed a new search engine for their use. They charge their clients $645 for each title search and pay their clerks $27.25 per hour. Currently, a typical search process requires 46 minutes of each person's time. With the new tool, they will need only 36 minutes per search but the law firm will be charged $2.8 per search in fees. What is the percent change in multifactor productivity compared to the current search process? (Keep two decimal places in your answer)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Whole School Audit Development Planning For Primary And Special Schools

Authors: Brian Drakeford

1st Edition

1853465011, 978-1853465017

More Books

Students also viewed these Accounting questions

Question

Are there any questions that you want to ask?

Answered: 1 week ago