Question: A property title search firm is contemplating using online software to increase its search productivity. Currently, an average of 40 minutes is needed. The researcher
A property title search firm is contemplating using online software to increase its search productivity. Currently, an average of 40 minutes is needed. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company As software will reduce the average search time by 10 minutes at a cost of $3.50 per search. Company Bs software would reduce the average search by 12 minutes at a cost of $3.60 per search. Which option would have the higher productivity in terms of revenue per dollar of output?
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