A property title search firm is contemplating using online software to increase its search productivity. currently an average of 50 minutes is needed to do a title search. The researcher cost is $3.00 per minute. Clients are charged a fee of $420. There is a software that would reduce the average search time by 10 minutes, at a cost of $2.0 per search. Calculate the change in productivity, in terms of revenue per dollar of input, if the firm uses the software. (omit the $ sign in your response and answer with two decimal points.) If the growth rate was 8 percent, enter that as ".08" and not "8%". That is, do not multiply the value by 100. Enter a negative sign if required. Your Answer: Answer

A property title search firm is contemplating using online software to increase its search productivity. currently an average of 50 minutes is needed to do a title search. The researcher cost is $3.00 per minute. Clients are charged a fee of $420. There is a software that would reduce the average search time by 10 minutes, at a cost of $2.0 per search. Calculate the change in productivity, in terms of revenue per dollar of input, if the firm uses the software. (omit the $ sign in your response and answer with two decimal points.) If the growth rate was 8 percent, enter that as ". 08 " and not " 8% ". That is, do not multiply the value by 100 . Enter a negative sign if required. Your