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 58
A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search. Currently, an average of 58 minutes is needed to do a title search. The researcher cost is $1.60 per minute. Clients are charged a fee of $410. Company As software would reduce the average search time by 13 minutes, at a cost of $3.80 per search. Company Bs software would reduce the average search time by 18 minutes at a cost of $5.80 per search. Calculate the productivity in terms of revenue per dollar of input.
A. $5.75 (Company A); $5.34 (Company B)
B. $5.45 (Company A); $5.77 (Company B)
C. $5.41 (Company A); $5.87 (Company B)
D. $ 5.36 (Company A); $5.65 (Company B)
E. $5.65 (Company A); $5.37 (Company B)
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