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Discuss the importance of discrete reporting. What changes have been made AASB 134 and AASB 136 to improve 'Impairment of Assets'?
Diminishing Marginal Utility
The decrease in satisfaction or utility that a person derives from consuming each additional unit of a good or service.
Demand Curves
A graphical representation that shows the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.
Marginal Utility
The extra value or satisfaction garnered by a consumer with the acquisition of one more unit of a good or service.
Total Utility
The overall satisfaction or happiness received from consuming a certain amount of goods or services.
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