Permian Basin drilling permits from the Railroad Commission, Texas' agency that oversees the oil and gas industry.

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Marginal cost is the added expense of producing one more unit. A horizontal marginal cost curve indicates consistent production costs. Businesses may aim to maintain horizontal costs to stabilize ...

Horizontal lines run left to right, parallel to the horizon, with slope 0 and equation y = k. Vertical lines run top to bottom, perpendicular to the horizon, with undefined slope and equation x = k.