If Anna starts a communication services company and hires a manager, Raymond, for $52,000 per year to manage her company, this suggest that:

Anna's decision to hire Raymond as manager is not rational based on the economic concept of opportunity cost.

Anna values Raymond's labor at less than $52,000 per year.

Anna values Raymond's labor at more than $52,000 per year.

Elizabeth would make her company more profitable by managing it herself.