Table 4-2 -Refer to Table 4-2.The Table Above Lists the Marginal Cost

question 121

Multiple Choice

Table 4-2

-Refer to Table 4-2.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

• A) consumers will buy no cowboy hats.
• B) the marginal cost of producing the third cowboy hat will increase to $46.
• C) producer surplus will rise from $22 to $46.
• D) there will be a surplus of cowboy hats.

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