According to some modern theories of long-run economic growth, successive increments of investment have
Returns since some fixed costs are for subsequent firms.

Question

Quizplus · Accepted Answer

Modern theories of long-run economic growth, such as endogenous growth theory, suggest that successive increments of investment can lead to increasing returns due to factors like technological advancements and economies of scale, which can lower costs for subsequent firms.

According to Some Modern Theories of Long-Run Economic Growth, Successive