Answer:
Total economic costs per glass is $0.18.
Explanation:
The total economic costs will include both explicit and implicit costs.
Explicit costs are those which are directly measured, for instance, cost of inputs here.
The implicit costs is the indirect cost. Here opportunity cost is the implicit cost.
Total economic costs
=$(0.01+0.02+0.03+0.02+0.10)
=$0.18
So, the total economic cost is $0.18.
What’s the question because you are not asking a question
Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.
<h3>What is Marginal Utility used for?</h3>
In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.
It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.
See the link below for more about Marginal Utility:
brainly.com/question/15050855
