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 | $ | |
| Company A | $ | |
| Company B | $ | |
b. Which option would have the highest productivity in terms of revenue per dollar of input?
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Current
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Company A
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Company B
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