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A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 64 ninutes is needed to do a title search. The researcher cost is $1.70 per minute. Clients are charged a fee of $410. Company A's software would reduce the average search time by 20 minutes, at a cost of $3.50 per search. Company B's software would reduce the average search time by 21 minutes at a cost of $5.50 per search. . Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.) Productivity (Revenue per Dollar Input) Approach Current Company A Company B 24 24 þ. Which option would have the highest productivity in terms of revenue per dollar of input? Current

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 64 ninutes is needed to do a title search. The researcher cost is $1.70 per minute. Clients are charged a fee of $410. Company A's software would reduce the average search time by 20 minutes, at a cost of $3.50 per search. Company B's software would reduce the average search time by 21 minutes at a cost of $5.50 per search. . Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.) Productivity (Revenue per Dollar Input) Approach Current Company A Company B 24 24 þ. Which option would have the highest productivity in terms of revenue per dollar of input? Current

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 64 ninutes is needed to do a title search. The researcher cost is $1.70 per minute. Clients are charged a fee of $410. Company A's software would reduce the average search time by 20 minutes, at a cost of $3.50 per search. Company B's software would reduce the average search time by 21 minutes at a cost of $5.50 per search. . Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.) Productivity (Revenue per Dollar Input) Approach Current Company A Company B 24 24 þ. Which option would have the highest productivity in terms of revenue per dollar of input? Current
Transcribed Image Text:A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 64 ninutes is needed to do a title search. The researcher cost is $1.70 per minute. Clients are charged a fee of $410. Company A's software would reduce the average search time by 20 minutes, at a cost of $3.50 per search. Company B's software would reduce the average search time by 21 minutes at a cost of $5.50 per search. . Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.) Productivity (Revenue per Dollar Input) Approach Current Company A Company B 24 24 þ. Which option would have the highest productivity in terms of revenue per dollar of input? Current
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