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 minutes is needed to do a title search. The researcher cost is $ per minute. Clients are charged a fee
of $ Company As software would reduce the average search time by minutes, at a cost of $ per search. Company Bs
software would reduce the average search time by minutes at a cost of $ per search.
a Calculate the productivity in terms of revenue per dollar of input.
Note: Round your intermediate calculations and final answers to decimal places.
b Which option would have the highest productivity in terms of revenue per dollar of input?
Company A
Company B
Current
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