Table 4-3 The Waco Kid's Marginal Cost Cowboy Hats (dollars) 1st hat $24 2nd hat 30 3rd hat 38 4th hat 46 36) Refer to Table 4-3. The table above lists the marginal cost of cowboy hats by The Waco Kid, a 36) firm that specializes in producing western wear. If the market price of The Waco Kid's cowboy hats is $40 A) producer surplus will equal $28. B) producer surplus from the first hat is $40. C) The Waco Kid will produce four hats. D) there will be a surplus; as a result, the price will fall to $24