. Consider the special case solved in the text Where = 1 and utility takes the log form. Suppose the real interest rate is 10%. Let's give this consumer a nancial prole that might look like that of a typical economics student: initial assets are ftoday = 3, 000 and the income is $10,000 for today and $60,000 in the future. (a) What is the individual's lifetime income and total wealth (lifetime income plus assets)? (b) How much does a neoclassical consumer consume today and in the future? (c) By how much does consumption today rise if current labor income increases by $10,000? (d) By how much does consumption today rise if future labor income rises by $10,000? Why does your answer here differ from that in part (c)