Use the Following Two Statements to Answer This Question: I

Multiple Choice

Use the following two statements to answer this question: I. A growing firm's average cost of production will decline over time if output continually expands and economies of scale are present.
II) A firm's average cost of production can decline over time if learning occurs as cumulative output increases.

A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.