Rachel left her job as a graphic artist, where she earned $42,000 per year, to open her own graphic arts firm. Her explicit costs for her new business include:
A. only the expenses incurred for office space, equipment, and supplies.
B. only her forgone salary of $42,000 per year.
C. neither the expenses incurred for office space, equipment, and supplies nor her forgone salary of $42,000 per year.
D. both the expenses incurred for office space, equipment, and supplies and her forgone salary of $42,000 per year.
Answer: A
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