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Mkey [24]
3 years ago
13

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. What option would have highest productivity in terms of revenue per dollar per input?
Business
1 answer:
Brrunno [24]3 years ago
3 0

Answer:

Explanation:

Productivity per unput dollar=Fees charged from clients/total cost to firm

There are 3 options:

1. Using current software:

Av time=40 min

Researcher's cost=$2 a min

Total cost=40*2=80

Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5

2.

Using company A's software

Av time=30min

Cost of reducing av time=$3.5

Researcher's cost=$2

Total =30*2+3.5=63.50

Productivity per dollar input=400/63.5=6.3

3.

Using company B's software

Av time = 28 min

Cost of reducing av time=$3.6

Researcher's cost=$2

Total cost=28*2+3.6=59.6

Productivity per dollar input=400/59.6=$6.71

Answer - Using company B's software

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arsen [322]

Answer:

Most of the question is missing, so I looked for a similar one and found the attached image.

CPI = (current year price × base year quantity) / (base year price × Base year quantity)

CPI for bread in current year = [($1.50 × 2,000) / ($1 × 2,000)] x 100 = 150

CPI for laptops in current year = [($1,500 × 100) / ($2,000 × 100)] x 100 = 75

CPI for movies in current year = [($7 × 50) / ($5 × 50)] x 100 = 140

CPI for current year = (CPI for bread x weight of bread) + (CPI of laptops x weight of laptops) + (CPI of movies x weight of movies) = (150 x $2,250/$227,530) + (75 x$225,000/$227,530) + (140 x $280/$227,530) = 1.48 + 74.17 + 0.17 =75.82

5 0
3 years ago
The purpose of having a minimum wage is to _____. a. Educate workers about what they could be making b. Guarantee that workers a
vagabundo [1.1K]

Answer:

The purpose of having a minimum wage is to guarantee that workers are paid fairly and not exploited.

Answer:b

3 0
3 years ago
Read 2 more answers
When the consumer price index falls, the typical family has to spend fewer dollars to maintain the same standard of living. True
MariettaO [177]

Answer:

True

Explanation:

Consumer price index measures the changes in price level of a basket of goods.

If consumer price index falls if means price level has fallen , goods become cheaper and the same amount of money can buy more quantities of goods and services.

Conversely if consumer price index rises, price level has increased, goods and services become more expensive and more amount of money would be needed to maintain the same level of consumption.

CPI is calculated as cost of basket of goods in a given year / cost of basket of goods in a base year

I hope my answer helps you

7 0
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Answer:

<em>For Kenji he falls on the category M2, for Lucia it's M2, and for Eric belongs to the category of both M1 and M2 respectively.</em>

Explanation:

<em>M1 money supply comprises of  currency in physical form and coin, the demand deposit( check-able) travelers check</em>

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Answer: both internally and externally

                     

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It constitutes balance sheet, cash flow statement and income statement etc.

4 0
3 years ago
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