A property title search firm is contemplating using online, Ask an Expert

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A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 35 minutes is needed to do a title search. The researcher cost is $2.0 per minute. Clients are charged a fee of $400. Company A's software would reduce the average search time by 14 minutes, at a cost of $3.1 per search. Company B's software would reduce the average search time by 15 minutes at a cost of $5.3 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 "tiny_mce_markerquot; sign in your response.)

Approach Productivity per
Dollar Input
Current $
Company A $
Company B $

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