Problema property title search firm is contemplating using, Ask an Expert

Finance

Problem:

A property title search firm is contemplating using online software to increase its search productivity. 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's 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: Which option would have the highest productivity in terms of revenue per dollar of input? Please provide all computation and formulas.

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Category:- Basic Finance
Reference No.:- M91145843

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