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.
Quick Answer. Natural gas is measured in cubic feet, cubic meters, British thermal units or joules, while gasoline is measured in gallons, British thermal units, joules or metric tons. The unit used to measure gas is dependent upon the situation in which the gas is being used.
Starting with gas produced in March 2006 the method for calculating royalty/tax on natural gas and its by-products was changed. Net royalty/tax payable on gas produced in March 2006 and after is calculated for each well event, except for gas produced from oil wells that are in Production Entities.