Use the Following Two Statements to Answer This Question: I

question 102

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.

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Definitions:

Vascular Bundle

In plants, primary phloem and primary xylem enclosed by a bundle sheath.

Vascular Tissue

Specialized tissue in plants that involves the transport of water and nutrients.

Guard Cells

Specialized cells in the epidermis of leaves and stems that control the opening and closing of stomata to regulate gas exchange.

Stomata

Small openings between two guard cells on the underside of leaf epidermis, through which gases pass.