Question 6: After spending 10 years and $1.5 billion, you have nally gotten Food and Drug Administration (F DA) approval to sell your new patented wonder drug, which reduces the aches and pains associated with doing Managerial Economics homework. You will market this drug under the brand name Noprob. Market research indicates that the price elasticity of demand for Noprob is constant along the relevant portion of the demand curve and is -1.25. You estimate the marginal cost of manufacturing and selling one additions does of Noprob is $1. a) What is the prot-maximizing price per dose? 13) Would you expect the elasticity of demand you face for Noprob to rise or fall when your patent expires? Explain