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2. Human Capital Model: The following graph shows the age-earnings prole of a college graduate and that of a high school graduate, starting from age

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2. Human Capital Model: The following graph shows the age-earnings prole of a college graduate and that of a high school graduate, starting from age 18. Answer the questions below. . Eaming stream of a college grad Earning stream of a high school grad Age 1What does area A represent? Explain. 'What does area B represent? Explain. What does area C represent? Explain. Elf-\"'57P Based on the Human Capital Model, how should a person decide whether or not to invest in college education? e. Suppose a woman decides to leave the labor force from age 25 to 30 to take care of young children, draw her potential earning streams corresponding to the two education levels and explain how this affects her decision to invest in college education. f. Based on the Human Capital Model, why are women more liker to major in elds such as English and Sociology that have a slower pace of change

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