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Discover LudwigThe phrase "absolute cost" is correct and usable in written English
It can be used when discussing the total cost of a product or service without considering any relative factors or comparisons. Example: "When evaluating the project's feasibility, we need to consider the absolute cost of materials and labor involved."
Exact(53)
David Ricardo, an early 19th-century English economist, demonstrated that what matters in trade is not absolute cost advantage (which China undoubtedly has in many goods) but comparative advantage.
It is 1998 all over again, except that the owners -- claiming losses of more than $300 million a year -- are more determined than ever to impose absolute cost controls.
In a new paper* Gabriel Rosenberg and Jai Massari of Davis Polk & Wardwell, a law firm, argue that rather than looking at the absolute cost of a transaction in one market, the CFTC would be better off thinking about the relative costs of swaps and futures, both of which it regulates.
Economic cost – absolute cost of impact(s) in monetary value.
We consider four cases, which correspond to the absolute cost difference and relative cost difference in the long network, and the absolute cost difference and relative cost difference in the short network, respectively.
In case 1 and case 2, the short and long networks have the identical absolute cost difference of 10 units.
Similar(6)
These are not to be taken as absolute costs of a typical hospital.
To review the Tayside home phototherapy service, including numbers of patients treated, diagnoses and outcomes, side-effects and safety, cost-effectiveness and absolute costs.
Looking only at absolute costs which are directly related to gas supply, the differences between the three cases are very moderate, especially for increased top pressures.
While it is true that Medicare beneficiaries' absolute costs may be projected to decline under the Affordable Care Act, health care as a share of seniors' expenses would remain high relative to the rest of the population.
Our analysis of absolute costs may therefore have underestimated the size cost for VV matching.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com