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A firm and an individual both have $100 in revenue. Assume that the firm and the person have 50% tax rates. If a both the

A firm and an individual both have $100 in revenue. Assume that the firm and the person have 50% tax rates. If a both the firm and the individual buy a $50 telephone, how much revenue would the firm and the person have after taxes?

A .firm, $25; person, 0.

B. firm, $50, person, $25.

C. firm, $25; person, $25.

D. firm, $25; person, $50.

E. firm, $50; person, 0.

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