Because a competitive firm's marginal revenue is equal to the market price, the competitive firm's demand curve, which is just a horizontal line at the market price, is also the firm's marginal revenue curve.ecause a competitive firm's marginal revenue is equal to the market price, the competitive firm's demand curve, which is just a horizontal line at the market price, is also the firm's marginal revenue curve.
MMBTU â One million British Thermal Units or BTUs. Natural gas is generally bought and sold in MMBTUs and future prices are generally quoted in this unit of measure. Therm â 1 Therm = 100,000 BTUs. SCF â Standard Cubic Foot is one cubic foot of gas at standard temperature and pressure (60 degrees F and sea level).
A gas meter is a specialized flow meter, used to measure the volume of fuel gases such as natural gas and propane.Gas meters are used at residential, commercial, and industrial buildings that consume fuel gas supplied by a gas utility.everal different designs of gas meters are in common use, depending on the volumetric flow rate of gas to be measured, the range of flows anticipated, the type of gas being measured and other factors.