Table 42 -Refer to Table 4

question 62

Multiple Choice

Table 4.2
$\begin{array}{|l|c|}\hline \begin{array}{c}\text { The Lethbridge }\\\text { Kid's Cowboy } \\\text { Hats }\end{array} & \begin{array}{c}\text { Marginal Cost } \\\text { (dollars) }\end{array} \\\hline \text { Ist hat } & \$ 24 \\\hline \text { 2nd hat } & 30 \\\hline \text { 3rd hat } & 38 \\\hline \text { 4th hat } & 46\\\hline\end{array}$
-Refer to Table 4.2.The table above lists the marginal cost of cowboy hats by The Lethbridge Kid, a firm that specializes in producing western wear.If the market price of The Lethbridge Kid's cowboy hats is $40

• A)The Lethbridge Kid will produce four hats.
• B)producer surplus will be equal to $16.
• C)producer surplus will equal $28.
• D)there will be a surplus; as a result, the price will fall to $24.

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Definitions:

African Americans

A racial or ethnic group in the United States with ancestors primarily from Sub-Saharan Africa.

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Male Chauvinism

Male chauvinism is the belief in the superiority of men over women, leading to discrimination and bias against women.

Sex Stereotyping

The assignment of beliefs, roles, and attributes to individuals solely based on their sex, often leading to discriminatory practices.