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 $1.6 per minute. Clients are charged a fee of $430. Company A’s software would reduce the average search time by 14 minutes, at a cost of $3.0 per search. Company B’s software would reduce the average search time by 16 minutes at a cost of $5.2 per search. a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.) Approach Productivity per Dollar Input Current $ 6.72 Company A $ 9.64 Company B $ 9.86 ________________________________________ b. Which option would have the highest productivity in terms of revenue per dollar of input? Company B

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 $1.6 per minute. Clients are charged a fee of $430. Company A’s software would reduce the average search time by 14 minutes, at a cost of $3.0 per search. Company B’s software would reduce the average search time by 16 minutes at a cost of $5.2 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	$ 6.72
Company A	$ 9.64
Company B	$ 9.86

   

b.	Which option would have the highest productivity in terms of revenue per dollar of input?
	Company B