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 13, has a lawn-mowing business with 10 customers. For each customer, he cuts the grass 3 times a year, which earns him $50 for each mowing. He has just paid $200 for a new mower. The maintenance and operating cost of the mower is $120 for the first year in service and increases by 20% a year thereafter. A 1-year old mower has a resale value of $150, which decreases by 10% a year thereafter. Ali, who plans to keep his business until he is 16, thinks that it is more economical to keep the new mower for all the planned work period. Is his decision justified?
 Ali, age 13, has a lawn-mowing business with 10 customers. For

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