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Let Y be a random variable.Then var(Y) equals
Producer Surplus
The gap between the minimum amount producers are willing to accept for providing a good or service and the actual amount they end up receiving.
Producer Surplus
The additional income a producer receives for selling a good or service above its production cost.
Tax
A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.
Consumer Surplus
The discrepancy between the amount consumers are prepared to spend on a product or service and the actual price they pay.
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