### Quadratic Functions

If total cost, T(X), is related to output, X, by the equation: T(X) = 0.001X2 + 0.5X + 50 a.What is the variable cost function? b.What is the average cost function? If output is 100 units, find a.Total fixed cost; b.Total variable cost; c.Total cost; d.Average cost; e.Marginal cost of the 100th unit. A