Suppose a hypothetical economy has a larger number of workers (N>1000). Each worker has to decide whether to acquire education and become a high-skilled worker or remain low-skilled. Education carries a cost of C. Assume that interest-free education loans are available to everybody. Let Iy and I, denote the income earned by a high- and low-skilled worker respectively. These incomes are defined as IH = (1 + 0)H and I, = (1 + 0)L, where H and L are constants and 0 is the fraction of the population that decides to become high skilled. This formulation captures the idea that a person's productivity is positively linked not only to his/her own skills, but also to that of his/her fellow workers. Assume that all individuals simultaneously choose whether or not to become skilled. Which of the following statements is incorrect? a. Suppose H = 5, L= 2, and C=4, there is an equilibrium in which everybody acquires skills. O b. Suppose H = 5, L= 2, and C=4, there is an equilibrium in which nobody acquires skills. O C. Suppose H = 50, L= 20, and C=35, there is an equilibrium in which everybody acquires skills. O d. Suppose H = 50, L= 20, and C=35, there is an equilibrium in which nobody acquires skills. O e. Suppose H = 24, L= 20, and C=25, there is an equilibrium in which everybody acquires skills. Of. Suppose H = 44, L= 20, and C=20, there is an equilibrium in which nobody acquires skills