High School Economics Quiz
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LABOR MARKETS AND INCOME
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A small company has five employees with annual salaries of $50,000, $55,000, $60,000, $75,000, and $250,000.
The company's owner, who is the highest-paid employee, decides to reduce her own salary to $150,000 to invest more in the business. What is the effect of this change on the employees' mean and median salaries?
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