Others estimate much lower costs.
So Suntech's younger Chinese rivals, such as Jinko and Hareon, report much lower costs.
Computer technology, he added, should make it possible to evaluate large numbers of charities at much lower costs.
It does not specify just how much "waste and red tape" might be cut or how much "lower" costs may be.
Agricultural and textile exporters, who enjoy much lower costs than many American rivals, have everything to gain if the United States lowers its steep farm barriers.
More densely populated than the US, South Korea faced much lower costs in setting up its internet infrastructure, according to CNN.
THE CHALLENGE Joan Denizot, the founder, has been agonizing over whether to manufacture bicycles in the United States or to import them from Asia at much lower costs.
By using a far less intensively staffed and equipped observation room, the hospital could achieve equivalent quality and safety at much lower costs.
Harvard's Professor Borjas points out that immigrants incur much lower costs than natives in choosing to move to a particular place, because they have already decided to uproot.
As Josh Patrick pointed out in his comment, it can be "a life saver" that allows operating at much lower costs, enough to tip a company into profitability.
Merrill and other major brokerage firms are under attack from all manner of new competitors that have much lower costs and can charge less for stock trades and other services delivered mostly electronically.
