What is most petco should be willing to spend on research, Microeconomics

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What is most petco should be willing to spend on research

Problem

Petco has spent $5 million so far developing a better chew toy, but it still needs more research before it will be ready. The marketing team believes you can sell $3 million worth when the toy is ready. What is the most Petco should be willing to spend on additional research to finish the toy?

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Microeconomics: What is most petco should be willing to spend on research

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Microeconomics: What is most petco should be willing to spend on research

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