Question: Problem 2-8 A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 64 minutes is needed

Problem 2-8 A property title search firm is
Problem 2-8 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 $190 per minute. Clients are charged a fee of $460. Company A's software would reduce the average search time by 19 minutes, at a cost of $4.00 per search Company B's software would reduce the average search time by 24 minutes at a cost of $6.00 per search a. Calculate the productivity in terms of revenue per dollar of input (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.) Approach Current CA b. Which option would have the highest productivity in terms of revenue per dollar of input? Current Company B Company A

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