QUESTION 2 Table 4-3 The Waco Kid's Marginal Cost Cowboy Hats (dollars) 1st hat $24 2nd hat 30 3rd hat 38 4th hat 46 Refer to Table 4-3. The table above lists the marginal cost of cowboy hats by The Waco Kid, a firm that specializes in producing western wear. If the price of cowboy hats decreases from $38 to $30, producer surplus will fall from $22 to $6. O consumer surplus will rise by $6 O the marginal cost of producing the third cowboy hat will fall to $30. producer surplus will rise from $8 to $24