Use the Following Two Statements to Answer This Question: I

Multiple Choice

Use the following two statements to answer this question: I. Production functions describe what is technically feasible when the firm operates efficiently.
II) The production function shows the least cost method of producing a given level of output.

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.