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Which command(s) can you use to delete an entire table and its data?
Implicit Costs
The opportunity costs of using resources that a firm already owns, rather than the expenses directly paid out.
Explicit Costs
Direct, out-of-pocket expenses incurred by a firm or individual for business operations or activities.
Accounting Profits
The financial gain calculated by subtracting total explicit costs from total revenues, using generally accepted accounting principles.
Economic Profits
Profits calculated by subtracting both explicit and implicit costs from total revenues; also known as supernormal profits.
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