Identify the Truthfulness of the Following Statements $P < A V C$

Multiple Choice

Identify the truthfulness of the following statements.
I. A profit-maximizing firm never produces where $P < A V C$ .
II. A profit-maximizing firm never produces where $P < A C$ .

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