Let $n \in \mathbb{N}$ and $y \in \mathbb{R}$ and $0<y<1$. Let also be $f(y)=y^n$ and $g(y)=y^{n+1}$.
$$ \lim_{n \to \infty} \cfrac{f(y)}{g(y)} = L $$
What is the value of $L$ using the epsilon-delta definition of limit?
Edit
Consider $n \in \mathbb{R}$
Note that for any $n$,
$$ \frac{f(y)}{g(y)} = \frac{y^n}{y^{n+1}} = \frac{1}{y} $$
Now fix $\epsilon > 0$. Choose $N = 1$. For $n > N$, we have $$ \left| \frac{f_{(n)}(y)}{g_{(n)}(y)} - \frac{1}{y} \right| = \left| \frac{1}{y} - \frac{1}{y} \right| = 0 < \epsilon. $$ Q. E. D.