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 one of the cleanest burning fossil fuels. Natural gas can form over time from almost any organic material. It is generally located deep underground in porous rock or trapped between more solid rock formations. The first natural gas well was drilled in 1883 in a field near Medicine Hat, Alberta.A gigajoule (GJ), a unit for measuring natural gas, is the energy equivalent of about 30 litres of gasoline. The average Albertan household uses about 120 GJs of natural gas a year.About 67 per cent of Canada s natural gas production is from Alberta. Alberta s total marketable natural gas production, including coalbed methane, was 3.72 trillion cubic feet in 2014.atural gas is one of the cleanest burning fossil fuels. Natural gas can form over time from almost any organic material. It is generally located deep underground in porous rock or trapped between more solid rock formations. The first natural gas well was drilled in 1883 in a field near Medicine Hat, Alberta.