Answer:
Rate of change of c with respect to q is 4.3
Percentage rate of change c with respect to q is 9.95%
Step-by-step explanation:
Cost function is given as,
Given that c changes with respect to q that is, . So differentiating given function,
Applying sum rule of derivative,
Applying power rule and constant rule of derivative,
Substituting the value of ,
Rate of change of c with respect to q is 4.3
Formula for percentage rate of change is given as,
Rewriting in terms of cost C,
Calculating value of
Substituting the value of ,
Now using the formula for percentage,
Percentage rate of change of c with respect to q is 9.95%