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.
The therm is a non-SI unit of heat energy equal to 7005100000000000000â 100000 British thermal units. It is approximately the energy equivalent of burning 100 cubic feet â often referred to as 1 CCF â of natural gas. Since natural gas meters measure volume and not energy content, a therm factor is used by natural gas companies to convert the volume of gas used to its heat equivalent, and thus calculate the actual energy use. The therm factor is usually expressed in units of therms per ...