How would a manufacturer benefit by using fewer scarce resources? the product would be less expensive to produce. the product would better satisfy consumer needs. the product would be popular and readily available. the product would provide a more satisfactory profit.

For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?