Most of you have a cell phone There are different opinions a

Most of you have a cell phone. There are different opinions about iPhones & Androids; however, phone pricing plans are the issue of concern here.

1.What features are \"required\" for you in a phone plan?

2.Why are those features important?

3.What is the \"opportunity cost\" for the decision that you\'ve made about your plan?

4.Develop a price/feature comparison between two service providers

Solution

1. The features that are required for a phone plan are there is good featured camera which capture quality images , there is proper memory space in the mobile , In the mobile there is proper size of screen not less than 5 inch Also there is fair price of the mobile , There is good battery backup and many other faculty

2. These features are required as take a battery function A proper backup of battery is needed because there is no need to charge the battery very soon again. Similarly the Mobile is 4g set that gives a good speed of internet. Similarly a good camera function I required to take photos and a memory space is required to save more data in the mobile phone

3. The opportunity cost for this plan is the cost of camera and the cost of having a similar simple non featured mobile phone

4. The price / feature comparison between two service providers are

Take a mobile of redmi and take a mobile of apple.

The mobile of redmi which costs 10000 have a same features to the mobile or apple having cost 25000

The difference between the prices of these two mobiles are due to the quality or due to the brand name.

The mobile of redmi has low cost with comparison to apple with same features due to little quality change