What to Keep. After all creditors, taxing authorities and beneficiaries of the estate have been paid, the estate may be closed. How long the process of closing an estate will take varies from case to case. Generally, anyone making a claim against the estate must do so within a specified time frame.
Consumer surplus (Graph illustrating consumer (red) and producer (blue) surpluses on a supply and demand chart) Consumer surplus or Consumer's surplus (or in the plural Consumers' surplus) is the difference between the price consumers are willing to pay (or reservation price) and the actual price. If someone is willing to pay more than the actual price, their benefit in a transaction is how much they saved when they didn't pay that price.
Before this whole area was a total surplus. Below this green line was the producer surplus, above the green line and below this curve right here was the consumer surplus. Now we've lost part of it. We've lost this part right over here, so this is our dead weight loss. This is no longer part of the total consumer and producer surplus. That is dead weight loss. The taxation got us from an efficient situation, where we had that maximum consumer and producer surplus. This is our dead weight loss over here.