Question: A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 64 minutes is needed to do

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 64 minutes is needed to do a title search. The researcher cost is $1.70 per minute. Clients are charged a fee of $410. Company As software would reduce the average search time by 20 minutes, at a cost of $3.50 per search. Company Bs software would reduce the average search time by 21 minutes at a cost of $5.50 per search. a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.)

Approach Productivity (Revenue per Dollar Input)
Current $ 3.77 Numeric Response 1.Edit Unavailable. 3.77 correct.
Company A $ 2.67 Numeric Response 2.Edit Unavailable. 2.67 incorrect.
Company B $ 1.73 Numeric Response 3.Edit Unavailable. 1.73 incorrect.

b. Which option would have the highest productivity in terms of revenue per dollar of input?

multiple choice

  • Current Incorrect

  • Company A

  • Company B

numbers in boxes are current answers

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