Congratulations! You have just won the lottery! You will receive cash every week for the rest of your life, on one of two schedules:
- \$1,000 today, \$1,002 next week, \$1,004 the week after that, and so on, \$1006, \$1008, \$1010… OR
- \$0.05 today, \$0.10 next week, \$0.20 the week after that, and so on, \$0.40, \$0.80, \$1.60…
The first one gets you more money right away, but if you can wait a few months for your money, schedule 2 is much better, because after a few months the schedule 2 payments reach \$1638.40, and after that they are always larger than the schedule 1 payments.
In this case, we say that the second schedule is asymptotically greater than the first schedule. This means that if you wait long enough, the payments of the second schedule will always be greater than the payments of the first schedule.
The formula for the payments is that in the $n$th week, the first schedule pays $2n+998$ dollars, while the second schedule pays $\frac{2^n}{40}$ dollars. The function $\frac{2^n}{40}$ is asymptotically greater than the function $2n+998$, because $\frac{2^n}{40}$ is always greater than $2n+998$, not right away, but when $n$ is large enough.
Your job is to look at those 11 functions and put them in order according to which ones are asmyptotically greatest. For example, do you prefer a lottery prize that pays \$1 every week, or a prize that pays \$$n!$ every week? Obviously the second one, because after a couple of weeks its prizes are always greater than \$1. So the function $n!$ is asymptotically greater than the function $1$. Do you prefer a lottery prize of $8^n$ dollars in week $n$, or $n!$ dollars in week $n$? Well, the $8^n$ prize is 8 times bigger every week than the previous week, but after week $8$, the $n!$ prize is more than 8 times bigger than the previous week, so if you wait long enough it must catch up to the $8^n$ prize and exceed it.