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).
Natural Gas Regulators Natural gas (methane) is a clean-burning fuel gas used for many residential, commercial, and industrial applications. This colorless, odorless, naturally occurring gas can be found in many countries around the world. Natural gas production companies tap gas pools using wells and pipelines. They clean and prepare the gas for sale and transport the gas through pipelines to gas suppliers.