For a price taker, market equilibrium price is $50. At 1,000 units, MR = MC, ATC = $45, and AVC = $30. This price taker will

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At 1,000 units, the profit per unit is the difference between the market price ($50) and ATC ($45), which is $5. Since the firm produces 1,000 units, total profit is 1,000 units * $5/unit = $5,000. The firm will not shut down because the price is above AVC, and it is maximizing profits where MR = MC.

For a Price Taker, Market Equilibrium Price Is $50