Consider two plans for a service Plan A: Pay $6 per unit Plan B: Pay a membership fee of $90, and then pay $1.25/unit Your income is $240 Let x be consumption of the service, and y represent AOG (All other goods). The price of AOG is $1/unit. i. Write down the budget equation that you would have after you paid the membership for each of the two plans. ii. If your utility function is U(x, y) - zy , how much of the service would you choose in each case? iii. Which plan would you prefer? Explain