Concept:
When unpolarized light passes through the first polarizer (crystal A), it becomes completely plane-polarized. When this polarized light passes through an analyzer (crystal B), the transmitted intensity $I$ is governed by Malus's Law:
$$I = I_{max} \cos^2 \theta$$
where $I_{max}$ is the intensity of the polarized light incident on the analyzer, and $\theta$ is the angle between the transmission axes of the polarizer and the analyzer.
Step 1: Determine the initial state (parallel alignment).
Initially, the principal plane of crystal B is parallel to that of crystal A ($\theta = 0^\circ$).
According to Malus's law:
$$I_{initial} = I_{max} \cos^2(0^\circ)$$
$$I_{initial} = I_{max} (1)^2 = I_{max}$$
The problem states that this emergent intensity is $I_0$.
Therefore, $I_{max} = I_0$.
Step 2: Calculate the intensity after rotation.
Now, crystal B is rotated by $\theta = 45^\circ$ relative to crystal A.
Apply Malus's Law again to find the new emergent intensity ($I_{new}$):
$$I_{new} = I_{max} \cos^2(45^\circ)$$
Substitute $I_{max} = I_0$ and the given value $\cos 45^\circ = \frac{1}{\sqrt{2$:
$$I_{new} = I_0 \left( \frac{1}{\sqrt{2 \right)^2$$
$$I_{new} = I_0 \left( \frac{1}{2} \right)$$
$$I_{new} = \frac{I_0}{2}$$