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You are a manager of a pharmaceutical firm that has a monopoly for a particular drug. Your staff has estimated the price elasticity of demand for the drug. When the price of the drug is $1,200 per dose, the price elasticity of demand is 3.0, and when the price is $300 per dose, the price elasticity of demand is 2.0.
The marginal revenue of the drug when the price is $1,200 per dose is $____. (Round your answer to two decimal places.)
The marginal revenue of the drug when the price is $300 per dose is $ _____.
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