Farmer Ted Sells Wheat in a Perfectly Competitive Market

Farmer Ted sells wheat in a perfectly competitive market. The market price for a bushel of wheat is $9. Ted has 270 bushels of wheat to sell. If his total variable cost is $2,000 and his total fixed cost is $500, then Ted

A) is earning positive economic profits.
B) is earning a normal profit.
C) is minimizing his losses.
D) should raise his price.