Business Mathematics and Statistics · Ch 5 — Differential Calculus (Functions & Graphs, Limits & Derivatives, Differentiation Techniques)
The Idea of a Limit
The Idea of a Limit
The whole of differential calculus rests on one idea: the limit. Informally, we ask: as gets closer and closer to some fixed value (without necessarily ever equalling ), what value does get closer and closer to?
We write this as
and read it as 'the limit of as tends to is '. Crucially, this statement says nothing about the value of at — might not even be defined — it only describes the behaviour of for near .
To make 'near ' precise, we distinguish approaching from the left and from the right:
- The left-hand limit, written , is the value approaches as increases toward from values less than .
- The right-hand limit, written , is the value approaches as decreases toward from values greater than .
The (two-sided) limit exists if and only if the left-hand and right-hand limits both exist and are equal; their common value is then the limit. …
means that the values of can be made as close as we like to by taking sufficiently close to (but not …
is the limiting value as approaches through values smaller than ; is the limiting value as approaches through values larger than . The two-sided limit exists only w …