Intro to Mathematical Economics
The ε-δ definition is a formal way of defining the concept of a limit in calculus, which asserts that a function approaches a limit as its input approaches a particular value. This definition emphasizes the idea that for every small distance (ε) from the limit, there exists a corresponding small distance (δ) around the input value, such that if the input is within that distance, the function's value is within the distance ε from the limit. This rigorous approach establishes both continuity and the behavior of functions near specific points.
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