an incremental cost

USAGE SUMMARY

The phrase "an incremental cost" is correct and usable in written English.
It can be used when discussing additional costs that arise from a specific decision or action, often in a business or economic context. Example: "When evaluating the new project, we need to consider the incremental cost associated with hiring additional staff."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

28 human-written examples

All in all, that's an incremental cost of £40m to £60m each year.

The Guardian

At a certain point, each new movie stored becomes an incremental cost.

TechCrunch

Remember, we do all this at an incremental cost.

Los Angeles Times

Ranibizumab monotherapy resulted in a 0.17 QALY gain at an incremental cost of £4191 relative to laser monotherapy, yielding an incremental cost-effectiveness ratio (ICER) of £24 028.

British Journal of Ophthalmology

This resulted in an incremental cost effectiveness ratio of £3660 per QALY.

British Medical Journal

This yields an incremental cost effectiveness ratio of £2060, lower than with imputed data.

British Medical Journal

Human-verified similar examples from authoritative sources

Similar Expressions

32 human-written examples

An incremental cost-effectiveness analysis and an incremental cost-utility analysis will also be performed.

BMC Musculoskeletal Disorders

An economic analysis will be undertaken which includes an incremental cost-effectiveness analysis.

BMJ Open

We performed a retrospective cohort analysis and an incremental cost-effectiveness analysis.

Plosone

We incorporated estimates of effectiveness into an incremental cost-effectiveness analysis performed from a limited societal perspective.

Plosone

Differences in costs and effects will be presented in an incremental cost-effectiveness ratio (ICER) and an incremental cost-utility ratio (ICUR).

BMC Cancer

Expert writing Tips

Best practice

Always consider the "incremental cost" in relation to the incremental benefit. This helps to determine the overall value and efficiency of an investment or decision.

Common error

Avoid using "an incremental cost" when you're actually referring to the total cost. "Incremental cost" specifically refers to the additional cost resulting from a specific action or decision, not the entire cost of an activity.

Linguistic Context

The phrase "an incremental cost" functions as a noun phrase that identifies a specific type of expense. It highlights the additional cost incurred due to a particular action, decision, or project. As Ludwig shows, it's often used in economic and business contexts.

Expression frequency: Common

Frequent in

Science

65%

News & Media

20%

Formal & Business

15%

Less common in

Science

0%

News & Media

0%

Formal & Business

0%

Ludwig's WRAP-UP

In summary, "an incremental cost" is a noun phrase referring to the additional expense incurred from a specific action or decision. According to Ludwig, it's grammatically correct and commonly used across various domains such as science, news media, and formal business settings. Understanding "an incremental cost" is critical for accurate cost-benefit analyses. Remember to use this term when referring to additional costs, differentiating it from the total cost of an activity. Alternatives include "an additional expense" or "a marginal cost", but selecting one will depend on the nuances of the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

an additional expense

Focuses on the supplementary nature of the cost.

a marginal cost

Emphasizes the cost of producing one more unit or taking one more action.

an extra expenditure

Highlights that the cost is beyond the usual or expected amount.

a supplemental charge

Implies an added fee or payment.

a further outlay

Indicates an additional disbursement of funds.

an added burden

Emphasizes the negative aspect of the additional cost.

an increased overhead

Focuses on the rise in general operating expenses.

an accruing expense

Highlights that the cost accumulates over time.

a stepped-up cost

Suggests a gradual increase in cost.

a follow-on expense

Indicates a cost that results from a previous action or decision.

FAQs

How is "an incremental cost" calculated?

An incremental cost is calculated by determining the change in total cost resulting from a specific decision or action. It's the difference between the cost with the new action and the cost without it.

What's the difference between "an incremental cost" and a marginal cost?

While often used interchangeably, "an incremental cost" typically refers to a larger-scale change or decision, whereas marginal cost refers to the cost of producing one additional unit or taking one more action. They're related but not perfectly synonymous.

When should I use "an incremental cost" in my writing?

Use "an incremental cost" when you need to emphasize the additional expense incurred as a result of a specific decision, project, or activity. This is particularly useful in cost-benefit analyses and financial evaluations.

What are some alternatives to "an incremental cost"?

You can use alternatives like "an additional expense", "a marginal cost", or "an extra expenditure" depending on the specific context.