Business, 10.09.2019 04:20, johnsonkia873

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 45 minutes is needed to do a title search. the researcher cost is $1.8 per minute. clients are charged a fee of $600. company a’s software would reduce the average search time by 8 minutes, at a cost of $3.6 per search. company b’s software would reduce the average search time by 9 minutes at a cost of $5.8 per search.
a. calculate the productivity in terms of revenue per dollar of input. (round your intermediate calculations and final answers to 2 decimal places. omit the "$" sign in your response.)
approach productivity per
dollar input
current $ 7.41 ± 0.01
company a $ 8.55 ± 0.01
company b $ 8.50 ± 0.01
b. which option would have the highest productivity in terms of revenue per dollar of input?
company a

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Aproperty title search firm is contemplating using online software to increase its search productivi...