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Business Calculus Study Notes: Limits, Continuity, and the Derivative

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Limits and Continuity

Limit Notation and Definition

The concept of a limit is fundamental in calculus and describes the behavior of a function as its input approaches a particular value. The notation for the limit of a function f(x) as x approaches a is:

  • Definition: means that as x gets arbitrarily close to a, f(x) gets arbitrarily close to L.

  • Example:

Limits of Piecewise Functions

Piecewise functions may have different expressions for different intervals. To find the limit at a point, consider the function's behavior from both sides.

  • Example: For defined differently for and , evaluate the limit from the left and right at .

Properties of Limits

Several properties simplify the calculation of limits:

  • Limit of a Constant:

  • Limit of a Polynomial:

  • Limit of a Rational Function: if

  • Limit of a Sum/Difference:

  • Limit of a Product:

  • Limit of a Quotient: if

  • Limit of a Power:

  • Limit of a Radical:

Limits Involving Infinity

Limits as x approaches infinity often depend on the degree of the numerator and denominator in rational functions.

  • Property: (for )

  • Property: (for )

  • Dominant Term Property: For polynomials, the highest degree term dominates as .

  • Cases:

    • Degree of numerator < denominator: limit is 0

    • Degree of numerator = denominator: limit is ratio of leading coefficients

    • Degree of numerator > denominator: limit is infinity or does not exist

Asymptotes

Asymptotes describe the behavior of functions as x approaches certain values.

  • Horizontal Asymptote: If , then is a horizontal asymptote.

  • Vertical Asymptote: If or , then is a vertical asymptote.

Continuity

A function is continuous at a point if it meets three conditions:

  • 1. is defined.

  • 2. exists.

  • 3.

Polynomials are continuous everywhere. Rational functions are continuous except where the denominator is zero.

Example: For , check continuity at .

Graph of a piecewise function with a jump discontinuity at x=2

Rates of Change

Average Rate of Change

The average rate of change of a function over an interval is:

  • Also known as the difference quotient:

Example: For , find the average rate of change on .

Graph showing average and instantaneous rates of change

Instantaneous Rate of Change

The instantaneous rate of change at is the limit of the average rate of change as the interval shrinks to zero:

  • Alternate form:

  • This is the slope of the tangent line to the graph at .

The Derivative

Definition of the Derivative

The derivative of a function , denoted , is defined as:

  • It represents the slope of the tangent line and the instantaneous rate of change of with respect to .

Example: For , find using the limit definition.

Conditions for Nondifferentiability

A function is not differentiable at a point if:

  • 1. The function is not continuous at that point.

  • 2. The function has a corner at that point.

  • 3. The function has a vertical tangent line or a cusp at that point.

Graph of a function not continuous at x=aGraph of a function with a corner at x=aGraphs of functions with vertical tangent lines and cusps at x=a

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