Which of the following statements about Operating Leverage and Risk from the lecture are TRUE:

1. Someone with relatively low fixed costs and high marginal propensity to consume (MPC) will have a high level of operating leverage and a high level of risk to their profit.
2. Someone with relatively high fixed costs and low marginal propensity to consume (MPC) will have a low level of operating leverage and a low level of risk to their profit.

i Neither of the statements are true (both are false)

ii Only statement 1 is true

iii Only statement 2 is true

vi Both statements are true (neither are false)