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 56

A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search. Currently, an average of 56 minutes is needed to do a title search. The researcher cost is $1.40 per minute. Clients are charged a fee of $390. Company As software would reduce the average search time by 5 minutes, at a cost of $8.50 per search. Company Bs software would reduce the average search time by 6 minutes at a cost of $10.50 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.)

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?

multiple choice

  • Company B

  • Current

  • Company A

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