Question: A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 41 minutes is needed to do
A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 41 minutes is needed to do a title search. The researcher cost is $2.20 per minute. Clients are charged a fee of $450. Company As software would reduce the average search time by 14 minutes, at a cost of $14.80 per search. Company Bs Software would reduce the average search time by 12 minutes at a cost of $14.55 per search. Compute the productivity in terms of Revenue Per Dollar of Input for each alternative. Round you answer to the nearest penny and give your answer in Dollar/Cent format, e.g. 4.75032 = 4.75. Alt1: Use Company As Software - Productivity: Revenue Per Dollar of Input = $
Alt2: Use Company Bs Software - Productivity: Revenue Per Dollar of Input = $
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