Taylor used to work as a yoga instructor at the local gym earning $35,000 a year. Taylor quit that job and started working as a personal trainer. Taylor makes $50,000 in total annual revenue. Taylor's only out-of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment.
For Taylor to earn normal profit, Taylor's accounting profit would have to be _____
Multiple Choice
$0
$50,000
$15,000
$35,000
