... complete the analysis. First, there is the notion of the short-run average cost of production, which we obtain by dividing the total cost by the quantity: McAfee: Introduction to Economic Analysis, ... SRD1102 McAfee: Introduction to Economic Analysis, http://www.introecon.com, July 24, 2006 4-112There are four basic permutations of the dynamic analysis – demand increase or decrease, and ... of economic analysis. The conversion of costs into dollar terms, while sometimes controversial, provides a convenient means of comparing costs. McAfee: Introduction to Economic Analysis, http://www.introecon.com,...