Intro to Mathematical Economics

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Intro to Mathematical Economics

Definition

The symbol ∞ represents infinity, a concept used in mathematics to describe something that is unbounded or limitless. In the context of limits and continuity, it signifies that a function can approach an infinitely large value or that it can extend indefinitely without reaching a specific endpoint. This idea is crucial when analyzing the behavior of functions as they approach certain points or infinity itself, helping to understand their continuity and limits.

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5 Must Know Facts For Your Next Test

  1. Infinity can be positive (∞) or negative (-∞), indicating that a function can grow infinitely large or decrease without bound.
  2. When evaluating limits, if a function approaches infinity as the input approaches a particular value, it indicates that the function diverges at that point.
  3. In calculus, infinity helps to describe the behavior of functions at endpoints of intervals or as variables grow larger and larger.
  4. Functions may have vertical asymptotes where they approach infinity, indicating a discontinuity in the function at specific points.
  5. Using limits at infinity allows mathematicians to analyze horizontal asymptotes, which describe how functions behave as their inputs increase indefinitely.

Review Questions

  • How does the concept of infinity relate to the evaluation of limits in calculus?
    • Infinity plays a critical role in evaluating limits by helping to identify the behavior of functions as they approach specific points or as their inputs grow infinitely large. When assessing limits, if the output of a function approaches infinity, it signifies that the function diverges rather than converging to a finite value. Understanding how limits operate at infinity allows for deeper insights into the continuity and overall behavior of functions across their domains.
  • Discuss how the presence of vertical asymptotes relates to the concept of infinity in functions.
    • Vertical asymptotes occur in functions when they approach infinity at certain x-values, suggesting that the function experiences discontinuity. As the input nears these x-values, the output grows infinitely large (or small), indicating an unbounded behavior. The existence of these asymptotes highlights how understanding infinity helps us analyze and graph functions effectively, pinpointing areas where traditional evaluation fails.
  • Evaluate the implications of using infinity in defining continuous functions and their limits.
    • Using infinity in defining continuous functions and their limits allows mathematicians to comprehend how functions behave at extremes and understand overall continuity. When analyzing limits involving infinity, it's essential to determine whether a function remains continuous or exhibits divergence at certain points. This evaluation leads to critical insights about function properties and aids in identifying critical points for graphing and calculus applications. Analyzing limits at infinity and recognizing asymptotic behavior enriches our understanding of continuous functions.
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