Question: Ali, age 1 3 , has a lawn - mowing business with 1 0 customers. For each customer, he cuts the grass 3 times a
Ali, age has a lawnmowing business with customers. For each customer, he cuts the grass times a year, which earns him $ for each mowing. He has just paid $ for a new mower. The maintenance and operating cost of the mower is $ for the first year in service and increases by a year thereafter. A year old mower has a resale value of $ which decreases by a year thereafter. Ali, who plans to keep his business until he is thinks that it is more economical to keep the new mower for all the planned work period. Is his decision justified?
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