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).
Liquefied Natural Gas. Liquefied natural gas, or LNG, is natural gas in its liquid form. LNG is produced by purifying natural gas and super-cooling it to -260Â°F to turn it into a liquid.During the process known as liquefaction, natural gas is cooled below its boiling point, removing most of the compounds found in the fuel.iquefied Natural Gas. Liquefied natural gas, or LNG, is natural gas in its liquid form. LNG is produced by purifying natural gas and super-cooling it to -260Â°F to turn it into a liquid.