Courses

Understanding Food Waste Through the Trade-off and Opportunity Cost Concepts

When it comes to food, consumers and producers are faced with choices. Producers must consider how much food to produce, how to process it and how to get it to the consumer before it goes bad. For consumers, they may decide not only what to consume, but what producers to buy from and how much to purchase and consume. Consumers must make these choices given a scarcity of time and limited budgets. This raises questions for economists to consider. What are the choices and trade-offs that consumes make when it comes to buying food? What opportunity cost do consumers and producers incur to get want they want or to meet social goals of reducing food waste? Are these opportunity costs related to the amount of food wasted? What trade-offs do producers make when selecting methods of production, processing and transportation?

  1. INFEWS

Reviews

We couldn't find any reviews for this course. How would you like to be the first?

  1. Enroll in the course.
  2. Get your learn on!
  3. Come back and tell us about the experience.

How do I enroll?

Find the description page for the course you want to take (hint: you're on one right now). Look for an "enroll" button and click it. If you don't see the button, the course currently isn't active.

Can I review without enrolling?

Sorry, no. To review a course you must have taken the course.