Hello, professor, Could you explain for me detailly about ' the more resources already devoted to any activity, the smaller the payoff to devoting additional resources to that activity' I don't know the meaning of 'the smaller the payoff to devoting additional resources to that activity'.

Marginal Product of resources is diminishing

hello，professor. I have one question in Comparative Advantage and the Gain from trade. When having trade with others, for example, US trade 30tons of honey to Canada for 40tons of maple syrup, how can we know how many tons of honey is needed to change for maple syrup? Why is 40 to 30?

what's our homework？

Hello, professor. Happy New Year!
Could you please tell me the meaning of the sentence in the circle?
Does it mean that two persons both specialize by producing the coconuts which main character has a comparative advantage?

Happy new year. I want to ask that the Economic Resources include natural, capital, labor and entrepreneurs skills, but what does the capital mean? Financial or physical?

professor
WHAT IS the mean of "A employs more capital per unit of labor than B"?

Dear professor, I want to know that on MyEconLab, you asked us to install the LockDown Brower. After I have installed it, should I do the test or just finish the installation? I am a little confused about this. By the way, the test will be held on Friday, right?