Use the Following Statements to Answer This Question: I

Multiple Choice

Use the following statements to answer this question: I. The firm's decision to produce zero output when the price is less than the average variable cost of production is known as the shutdown rule.
II) The firm's supply decision is to generate zero output for all prices below the minimum AVC.

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