You Are Up Late Watching TV One Night and See

question 72

Essay

You are up late watching TV one night and see an ad from Ronco for the Dial-o-matic food slicer.You learn that the Dial-o-matic sells for $29.95.But wait,there is more.Ronco is also including in this deal a set of Ginsu steak knives worth $10.95 and another free gift worth $7.95.Assuming that there is a competitive market for Ronco items,at what price must Ronco be selling this three item Dial-o-matic deal to insure the absence of an arbitrage opportunity and uphold the law of one price?

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Definitions:

Motion To Compel

A legal request to the court to mandate a party to take a specific action, often related to the disclosure of evidence.

Civil Procedure

The body of law that sets out the rules and standards courts follow when adjudicating civil lawsuits.

Mail Source

The origin or sender of a piece of mail or package.

Revenues And Profits

Financial terms where 'revenues' refer to the total income generated from normal business operations, and 'profits' signify the remaining income after all expenses have been deducted.