Discussion Board #1Discussion Board Requirements(please review syllabus for more detailed explanation)1. Initial post: 3-4 paragraphs, must have at least an in-text citation and reference in APA formatting, answer the question, focus on your content development, and application of economic terms2. Peer responses: two peer responses of at least one paragraph in length. any response to my questions will count as well or your peers3. First post due by Thursday by the FIRST Thursday of the module by 11:55pm4. Week ends by Saturday at 11:55pmRubric:60 points for initial post(20 points for having first post by Thursday)40 points for two peer responsesSee syllabus for due dates of initial post and peer responsesYou will not be able to create a thread as you will only be able to reply to my post.Here is a great site to actually create your in-text citation(after each sentence you get information) and reference:http://my.noodletools.com/noodlebib/citeone_s.php?style=APAQuestion:Explain your opportunity cost of taking this course. Analyze the role of scarcity in your daily life and how does the role of prices impact scarcity.