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 6

A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search.
Currently, an average of 65 minutes is needed to do a title search. The researcher cost is $1.70 per minute. Clients are charged a fee
of $420. Company A's software would reduce the average search time by 16 minutes, at a cost of $3.70 per search. Company B's
software would reduce the average search time by 21 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.)
 A property title search firm is contemplating using online software to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!