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 5

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 $1.60 per minute. Clients are charged a fee of $410. Company As software would reduce the average search time by 13 minutes, at a cost of $3.80 per search. Company Bs software would reduce the average search time by 18 minutes at a cost of $5.80 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
Company A
Company B Correct
Current
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