4. The table below (table q4) lists the marginal cost of cowboy hats by The Waco Kid, a firm that specializes in producing western wear. If the market price of The Waco Kid's cowboy hats is $40 A) The Waco Kid will produce four hats. B) producer surplus from the first hat is $40. C) producer surplus will equal $28. D) there will be a surplus; as a result, the price will fall to $24. Price (dollars per pound) $9 Supply Demand Figure q4. 4,000 8,000 12,000 Quantity (pounds)