((1) Now suppose that when date 1 occurs, the planner decides to reoptimize with respect to [$2,163, . . . . The initial condition for this problem is 161, the decision implemented by the planner last period. From the perspective of t = 1, the planner's preferences over ct, t Z 1 are as follows: u(cl) + 6[u(02) + 521:,(03) + . . .] and the resource constraint is as before. (Note how different the problem for t 2 1 looks from the point of View of period 1 than it does from the point of view of period 0.) What values will the planner choose for 191, kg, [63, k4, 135'? If the planner chooses to re- optimize in this way every period, to what value will kt actually tend