Question: A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 3 9 minutes is needed to

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 39 minutes is needed to do a title search. The researcher cost is $1.80 per minute. Clients are charged a fee of $375. Company A' s software would reduce the average search time by 12 minutes, at a cost of $13.40 per search. Company B's Software would reduce the average search time by 13 minutes at a cost of $13.90 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.g4.75032=4.75
Alt1: Use Company A's Software - Productivity: Revenue Per Dollar of Input = $
A
Alt2: Use Company B's Software - Productivity: Revenue Per Dollar of Input = $
A
 A property title search firm is contemplating using online software to

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 Databases Questions!