I am stuck with the following question:
Let $f:\mathbb{R}\rightarrow \mathbb{R}$ be convex and increasing and $\displaystyle\lim_{x\rightarrow -\infty}f(x)=-\infty$. Prove that there exists $\alpha_{0}\in\mathbb{R}$ such that
$$
\lim_{x\rightarrow -\infty}\dfrac{f(x)}{x}=\alpha_{0}.
$$
Can someone give me a hint?
Thanks.
Answer
We can show that the limit
$$
\lim_{x\to-\infty} \frac{f(0)-f(x)}{0-x}
$$
exists.
On the one hand, $\frac{f(0)-f(x)}{0-x} >0$ because $f$ is an increasing function. On the other hand, the convexity implies that $\frac{f(0)-f(x)}{0-x}$ decreases (or at least does not increase) for $x\to -\infty$. A non-increasing function which is bounded from below has a limit. We define
$$
a_0 = \lim_{x\to-\infty} \frac{f(0)-f(x)}{0-x}
$$
and we have
$$
\lim_{x\to-\infty} \frac{f(x)}{x} \\
= \lim_{x\to-\infty} \left(\frac{f(0)-f(x)}{0-x} - \frac{f(0)}{-x}\right) \\
= \lim_{x\to-\infty} \frac{f(0)-f(x)}{0-x} - \lim_{x\to-\infty}\frac{f(0)}{-x} \\
= a_0 - 0 \\
= a_0
$$
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