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2. Human Capital Model: The following graph shows the age-earnings profile 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 profile of a college graduate and that of a high school graduate, starting from age 18. Answer the questions below. sap 579: Earning stream of a college grad lx\" Earning stream of a high school grad Age What does area A represent? Explain. What does area B represent? Explain. What does area C represent? Explain. Based on the Human Capital Model, how should a person decide whether or not to invest in college education? Suppose a woman decides to leave the labor force from age 25 to 30 to take care of young children, draw her potential earning strearns corresponding to the two education levels and explain how this affects her decision to invest in college education. Based on the Human Capital Model, why are women more likely to major in fields such as English and Sociology that have a slower pace of change

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