Calculating economic value added east mullett manufacturing earned operating income last year as shown in the following income statement: sales $630,000 cost of goods sold 380,000 gross margin $250,000 selling and administrative expense 174,400 operating income $ 75,600 less: income taxes (@ 40%) 30,240 net income $ 45,360 total capital employed equaled $381,000. east mullett's actual cost of capital is 8 percent. required: calculate the eva for east mullett manufacturing. $

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

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1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.