Topic: Managerial Economics, please make answers copy/pastable, instead of an image, and highlight the result--thanks!

IO Quality \"005) 3.54 11. In the graph above, which of the following statements is (are) TRUE? If the rm is producing 5 units of output, it should expand output to increase prots because P > MC. II. At a price of $16, the rm's prots would rise if it raised its price. I. III. The prot-maximizing quantity is 600 units. IV. The prot-maximizing price is $13. a. I and III 13. IV | c. II d. 111 El 12. Which of the following would result in a (leftward) shift in the demand curve for good X can be attributed to a. a fall in the price of an input used in the production of the good. b. an increase the price of a substitute good in production. 0. an increase in the price of good X. d. an increase in the price of a complementary good in production. e. more than one of the above. f. none of the above