Q Please pick one option. Don't do both. Thank you! Option 1 Apply the three-step method (lecture notes p34) to figure out your opportunity cost of going to college (no gap year). Option 2 Apply the three-step method (lecture notes p34) to figure out your opportunity cost of taking a gap year before going to college. Required Format • My option: #1 or #2 (please let me know first). Then show me the three steps. • Step 1: • Step 2: • Step 3: • My opportunity cost is ______ Word requirement: 80-150 words Please save your assignment as a word or PDF file. I can NOT open .pages file. Thank you! Rubric Write-to-Learn Rubric Write-to-Learn Rubric Criteria Ratings Pts This criterion is linked to a Learning OutcomeWord Requirement 1 pts Satisfactory 0 pts Unsatisfactory 1 pts This criterion is linked to a Learning OutcomeGrammar 1 pts Satisfactory Posts are largely free of grammatical and spelling errors 0 pts Unsatisfactory The writing assignment includes some grammatical and spelling errors that distract the reader 1 pts This criterion is linked to a Learning OutcomeContent 6 to >4.0 pts Satisfactory This assignment displays a good understanding of the economic model or concept. 4 to >2.0 pts Limited This assignment displays a basic understanding of the economic model or concept, such as restate the definition in general. If fails to apply the model or concept to explain the particular question. 2 to >0 pts Unsatisfactory This assignment shows little or no understanding of the economic model or concept. 6 pts Total Points: 8