Aaron Gave Up a Job as a Tire Rotator That

Multiple Choice

Aaron gave up a job as a tire rotator that paid $20,000 a year to start his own T-shirt business. The T-shirt company has the following revenues and costs: TR = $60,000; costof hiring employees = $40,000; cost of materials = $8,000; cost of rent and insurance =$6,000. According to these data, Aaron's business made a(n)

A) economic profit of $6,000
B) normal profit of $6,000
C) economic loss of $6,000
D) economic loss of $14,000
E) normal profit of $14,000