For a perfectly competitive firm with no market control, the marginal revenue curve is a horizontal line. Because a perfectly competitive firm is a price taker and faces a horizontal demand curve, its marginal revenue curve is also horizontal and coincides with its average revenue (and demand) curve.Yes-what you must remember is that a firm's demand curve in perfect competition is its average revenue curve.Average revenue = price x quantity / quantity = price. The demand curve shows the quantity demanded at varying prices and this is exactly what the average revenue curve will do. Answer   Because for a perfectly competetive firm since the demand curve is perfectly elastic even a slightest price change doesnt add any further demand..so there â¦ is no change in marinal revenue also.Since revenue is demand multiplied with cost of unit..the two curves are same. + 1 other found this useful.
Natural Gas is usually measured by volume and is stated in cubic feet. A cubic foot of gas is the amount of gas needed to fill a volume of one cubic foot under set conditions of pressure and temperature.To measure larger amounts of natural gas, a therm is used to denote 100 cubic feet, and mcf is used to denote 1,000 cubic feet.
Natural gas is measured in therms or BTUs. A therm is a measurement of the amount of heat energy in natural gas, equal to 100,000 BTUs.A BTU, or British Thermal Unit, is the quantity of heat required to raise the temperature of one pound of water by one degree Fahrenheit.The current charge for natural gas from Peoples Gas is $0.3641 per therm.atural gas is measured in therms or BTUs. A therm is a measurement of the amount of heat energy in natural gas, equal to 100,000 BTUs.