Based on what you learned this week regarding opportunity costs describe what you would do in each of the scenarios below. In addition explain your logic and rationale behind your final decision in each situation.Should I go to graduate school to get my masters degree at the cost of $25000 per year or continue at my job making $25000 per year?I want to be an entrepreneur so should I focus on growing my business or put more hours in at my current job?Should I save an extra $100/month or put $100/month towards my high interest credit card debt?Should I go out with my friends to that trendy new restaurant Ive been wanting to try or stay in to work on my freelance projects?