Your client is convinced that this new product is truly different from anything else on the market, and she tells you that she doesn’t see any competitors on the horizon for the foreseeable future.

Based on this information, which of the following should you recommend to your client to capitalize on the situation?

a. use price discounts to stimulate sales.
b. bundle the product with a free wicker basket and a scented candle.
c. use a penetration pricing strategy to establish the product in the market.
d. pursue a price skimming strategy

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.