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 62
A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search. Currently, an average of 62 minutes is needed to do a title search. The researcher cost is $2.00 per minute. Clients are charged a fee of $450. Company As software would reduce the average search time by 17 minutes, at a cost of $4.00 per search. Company Bs software would reduce the average search time by 22 minutes at a cost of $6.00 per search.
A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search. Currently, an average of 62 minutes is needed to do a title search. The researcher cost is $2.00 per minute. Clients are charged a fee of $450. Company A's software would reduce the average search time by 17 minutes, at a cost of $4.00 per search. Company B's software would reduce the average search time by 22 minutes at a cost of $6.00 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.)
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