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?

  • Current

  • Company A

  • Company B

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!