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

question 31

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.

---

Definitions:

Comprehensive Services

A broad range of support services provided to meet varied needs, often in a community or educational setting.

Head Start Program

The Head Start Program is a federal initiative in the United States that provides early childhood education, health, nutrition, and parent involvement services to low-income children and families.

Low-income Families

Households with financial resources significantly below the average, often resulting in economic hardship.

Transitional Kindergarten

An educational program serving as a bridge between preschool and kindergarten for children who are not yet old enough to enroll in kindergarten.