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 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 $6.00 per search. a.
Calculate the productivity in terms of revenue per dollar of input.
(Round your intermediate calculations and final answers to 2
decimal places. Omit the "$" 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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