a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places.) Productivity (Revenue per Dollar Input) Approach Current Company A Company B b. Which option would have the highest productivity in terms of revenue per dollar of input? Company A O Company B Current
a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places.) Productivity (Revenue per Dollar Input) Approach Current Company A Company B b. Which option would have the highest productivity in terms of revenue per dollar of input? Company A O Company B Current
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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Transcribed Image Text:Problem 2-8 (Static)
A property title search firm is contemplating using online software to increase the productivity of the researcher performing the search.
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.
a. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2
decimal places.)
Productivity
(Revenue per
Dollar Input)
Approach
Current
Company A
Company B
b. Which option would have the highest productivity in terms of revenue per dollar of input?
O Company A
O Company B
O Current
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