Diseconomies of Scale Refers to the Increase in an FI's

question 33

True/False

Diseconomies of scale refers to the increase in an FI's average costs of production as its output increases.

---

Definitions:

Technical Skills

Specific abilities or knowledge related to the use of technology, machinery, software, or procedures, essential in various industries.

Entrepreneur

An individual who initiates, designs, and runs a new business venture, often taking on financial risks in the hope of profit.

Informal Tone

A casual or conversational style of communication, often characterized by personal pronouns, contractions, and direct address.

Business Messages

Communication conveyed through various channels that is intended for business purposes, such as emails, memos, reports, and presentations.