Question: A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 50 minutes is needed to do
A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 50 minutes is needed to do a title search. The researcher cost is (3 per minute. Clients are charged a fee of 500. Company A's software would reduce the average search time by 10 minutes, at a cost of 3.50 per search. Company B's software would reduce the average search time by 12 minutes at a cost of (4 per search. Option 1: What is the productivity of the property title search firm? per Cedi spent (Leave your answer to 2 decimal places) Option 2: What will be the productivity of the property title search firm if Company A's software is used for the search? per Cedi spent (Leave your answer to 2 decimal places) Option 3: What will be the productivity of the property title search firm if Company B's software is used for the search? per Cedi spent (Leave your answer to 2 decimal places) Based on the productivity calculated for the three options, which option would you recommend? Option
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