SOLVED : articlewritingcafe.net – Which option would have the higher productivity in terms of revenue per dollar of input?/2022

SOLVED : articlewritingcafe.net –

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. 

 

Which option would have the higher productivity in terms of revenue per dollar of input?