Which two of the following statements are correct?<br> I. In the short - run, ∆TFC = 0, therefore ∆TC = ∆TVC<br>II. If decrease in AFC III. If decrease in AFC = increase in AVC, AC remains constant<br>IV. If decrease in AFC &gt; increase in AVC, then AC increases<br>Choose the correct answer from the options given below

Correct Answer: I and III