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The willingness of saddle producers to supply saddles can be modeled as S(p) = 0      for p < 5 2

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The willingness of saddle producers to supply saddles can be modeled as

S(p) =

where

S(p)

is measured in thousand saddles and saddles are sold for p thousand dollars per saddle.

(a) How many saddles will producers supply when the market price is $3000?
thousand saddles

How many saddles will producers supply when the market price is $9000? (Round your answer to three decimal places.)
thousand saddles

(b) At what price will producers supply 20 thousand saddles? (Round your answer to three decimal places.)
$  thousand per saddle

(c) Calculate the producer revenue when the market price is $6500. (Round your answer to three decimal places.)
$  million

(d) Calculate the producer surplus when the market price is $6500. (Round your answer to three decimal places.)
$  million