Table 4-3 The Waco Kid's Cowboy Hats 1st hat 2nd hat 3rd hat 4th hat Marginal Cost (dollars) $24 30 38 46 Refer to Table

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Table 4 3 The Waco Kid S Cowboy Hats 1st Hat 2nd Hat 3rd Hat 4th Hat Marginal Cost Dollars 24 30 38 46 Refer To Table 1 (61.9 KiB) Viewed 41 times

Table 4-3 The Waco Kid's Cowboy Hats 1st hat 2nd hat 3rd hat 4th hat Marginal Cost (dollars) $24 30 38 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 increases from $38 to $46, consumers will buy no cowboy hats. the marginal cost of producing the third cowboy hat will increase to $46. O producer surplus will rise from $22 to $46. O producer surplus will rise from $28 to $46. Othere will be a surplus of cowboy hats.