First, let's consider the behaviour of exponential functions ax based on whether a is greater or less than 1. As we know,
$\ds\lim_{x\to\infty}a^x=\left{\begin{array}{ll}
\infty & a>1\0&a<1
\end{array}\right.$ and $\ds\lim_{x\to-\infty}a^x=\left{\begin{array}{ll}
0 & a>1\\infty&a<1
\end{array}\right..Ourfunctionhas\ds\lim_{x \to \infty} f(x)=\inftyand\ds\lim_{x \to -\infty} f(x)=0,soweconcludea>1:thus(d)andalso(b)hold.(Wecouldhavealsoseenthat(b)holdsbecausea^x$ is defined for all real numbers.)
It remains to decide whether a is greater or less than e. (If a were equal to e, then f′(x) would be the same as f(x).) We saw in the text that dxd{ax}=C(a)ax for the function C(a)=h→0limhah−1. We know that C(e)=1. (Actually, we chose e to be the number that has this property.) From our graph, we see that f′(x)<f(x), so C(a)<1=C(e). In other words, h→0limhah−1<h→0limheh−1; so, a<e. Thus (e) holds.