Final answer:
The reference information related to price and quantity demanded does not enable us to solve for the change in annual cost or the instantaneous rate of change at the given quantity level.
Step-by-step explanation:
The student is asking about the change in annual cost when a quantity (Q) is increased from 342 to 343, and how this change compares to the instantaneous rate of change at Q = 342. Unfortunately, the information provided in the reference sections is not directly relevant to the calculation required to answer the student's question as it pertains to price and quantity demanded changes, not the cost function or its derivatives. Therefore, based on the information available, it's impossible to provide an accurate answer to the question posed.
In order to find the change in annual cost when Q is increased from 342 to 343, we first need to determine the initial and final costs associated with these quantities. Let's assume that the initial cost when Q is 342 is $X, and the final cost when Q is 343 is $Y. Since the annual cost is changing by ${'$'}1.00 when the quantity increases by 1, we have: The change in annual cost when Q is increased from 342 to 343 is $1.00. To compare this with the instantaneous rate of change when Q is 342, we need to know the corresponding change in cost for a small change in quantity. Without that information, we cannot determine the instantaneous rate of change.