Question: Question 3a.1: Note: The following problem details will be used for Questions 3a (3a.1, 3a.2, 3a.3) and 3b. A property title search firm is contemplating

Question 3a.1: Note: The following problemQuestion 3a.1: Note: The following problemQuestion 3a.1: Note: The following problemQuestion 3a.1: Note: The following problem

Question 3a.1: Note: The following problem details will be used for Questions 3a (3a.1, 3a.2, 3a.3) and 3b. A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search. Currently, an average of 40 minutes is needed to do a title search. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company A software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. Company B's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. Question 3a.2: Note: The problem was defined in Question 3a.1 above. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places.) Enter the answer using the Company A approach. \begin{tabular}{|l|l|} \hline Approach & Productivity (Revenue per Dollar Input) \\ \hline Company A & [answer below] \\ \hline \end{tabular} Question 3a.3 Note: The problem was defined in Question 3a.1above. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places.) Enter the answer using the Company B approach. Approach Company B Which option would have the highest productivity in terms of revenue per dollar of input? Approach has the highest productivity in terms of revenue per dollar of input

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