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Limits and Their Properties: Business Calculus Study Guide

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Limits and Their Properties

Definition of a Limit

The concept of a limit is fundamental in calculus and describes the behavior of a function as its input approaches a particular value. Formally, for a function f(x) defined on an open interval containing c (except possibly at c), the limit is written as:

  • Limit Notation: $\lim_{x \to c} f(x) = L$

  • Meaning: f(x) gets very close to L as x gets very close to c.

Definition of a limit

One-Sided Limits

Limits can be evaluated from either side of a point. These are called one-sided limits:

  • Left-Hand Limit: $\lim_{x \to c^-} f(x) = L$ means f(x) approaches L as x approaches c from values less than c.

  • Right-Hand Limit: $\lim_{x \to c^+} f(x) = L$ means f(x) approaches L as x approaches c from values greater than c.

Left-hand limit explanation Right-hand limit explanation

Existence of a Limit

A limit exists at a point c if and only if:

  • The left-hand limit equals the right-hand limit: $\lim_{x \to c^-} f(x) = \lim_{x \to c^+} f(x)$

  • This common value is a finite real number.

Conditions for limit existence

Graphical Interpretation of Limits

Limits can be visualized on graphs. Sometimes, a function is undefined at a point, but the limit exists. This is often represented by a 'hole' in the graph.

  • Example: For $f(x) = \frac{x^2 - 4}{x - 2}$, factoring gives $f(x) = x + 2$ for $x \neq 2$. The graph has a hole at $(2, 4)$, but $\lim_{x \to 2} f(x) = 4$.

Algebraic simplification and linear function Graph with a hole at (2,4)

Examples of Limits and DNE (Does Not Exist)

Limits may not exist if the left and right limits are not equal or if the function approaches infinity.

  • Example: If $\lim_{x \to 2^-} f(x) = 1$ and $\lim_{x \to 2^+} f(x) = 3$, then $\lim_{x \to 2} f(x)$ does not exist (DNE).

  • Example: If $\lim_{x \to 2^-} f(x) = +\infty$ and $\lim_{x \to 2^+} f(x) = -\infty$, then $\lim_{x \to 2} f(x)$ does not exist.

Graph with different left and right limits Graph with vertical asymptote

Properties of Limits

Limits have several important properties that allow for their computation:

  • $\lim_{x \to c} K = K$ (where K is a constant)

  • $\lim_{x \to c} x = c$

  • $\lim_{x \to c} [f(x) + g(x)] = L + M$

  • $\lim_{x \to c} [f(x) \cdot g(x)] = L \cdot M$

Properties of limits

Evaluating Limits: Examples

Limits can often be evaluated by direct substitution, factoring, or using properties:

  • Example: $\lim_{x \to 2} (3x^2 - 5x + 4)$ $\lim_{x \to 2} 3x^2 + \lim_{x \to 2} -5x + \lim_{x \to 2} 4 = 3 \cdot 2^2 - 5 \cdot 2 + 4 = 12 - 10 + 4 = 6$

Evaluating a polynomial limit

Limits of Rational Functions

A rational function is a ratio of two polynomials. The behavior of limits for rational functions depends on the values of the numerator and denominator as x approaches a point:

  • If the denominator approaches zero and the numerator does not, the limit approaches $\pm \infty$ (limit does not exist).

  • If both numerator and denominator approach zero, the limit is indeterminate; factoring or other techniques are needed.

Rational function limit cases Indeterminate form and factoring

Indeterminate Forms and Factoring

When both the numerator and denominator approach zero, the limit is called an indeterminate form. Factoring is a common technique to resolve such limits.

  • Example: $\lim_{x \to 3} \frac{x^2 - 5x + 6}{x - 3}$ Factor numerator: $(x - 3)(x - 2)$ Cancel $(x - 3)$: $\lim_{x \to 3} (x - 2) = 1$

Indeterminate form resolved by factoring

Rationalizing Technique

For limits involving square roots, rationalizing the numerator or denominator can help resolve indeterminate forms.

  • Example: $\lim_{x \to 36} \frac{\sqrt{x} - 6}{x - 36}$ Multiply numerator and denominator by the conjugate $\sqrt{x} + 6$ to simplify.

Rationalizing technique for limits Rationalizing technique worked example

Piecewise Functions and Transition Points

For piecewise functions, limits at transition points require evaluating one-sided limits.

  • Example: $f(x) = \begin{cases} 10 - 2x & x < 3 \\ x^2 - x & x \geq 3 \end{cases}$ Left-hand limit: $\lim_{x \to 3^-} f(x) = 10 - 2 \cdot 3 = 4$ Right-hand limit: $\lim_{x \to 3^+} f(x) = 3^2 - 3 = 6$ Since these are not equal, the overall limit does not exist.

Piecewise function limit example Piecewise function left and right limits

Summary Table: Types of Limit Behavior

The following table summarizes the main types of limit behavior encountered:

Situation

Limit Behavior

Resolution Technique

Numerator ≠ 0, Denominator → 0

Limit DNE (±∞)

Check for vertical asymptote

Numerator → 0, Denominator → 0

Indeterminate Form

Factor or rationalize

Both one-sided limits equal

Limit exists

Direct substitution or simplification

One-sided limits not equal

Limit DNE

Check left/right limits

Key Terms

  • Limit: The value a function approaches as the input approaches a certain point.

  • One-sided limit: The value approached from one direction (left or right).

  • Indeterminate form: An expression like 0/0 requiring further simplification.

  • Vertical asymptote: A line where the function grows without bound.

  • DNE: Does Not Exist; used when a limit cannot be determined.

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