Question: A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 6 2 minutes is needed to
A property title search firm is contemplating using online
software to increase its search productivity. 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.
Round your intermediate calculations and final answers to
decimal places. Omit the $ sign in your response. Approach
Productivity Revenue per Dollar Input Current $ Company A $
Company B $ b Which option would have the highest productivity in
terms of revenue per dollar of input? Company A Current Company
B
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