I have this function:
$$ f(x,y) = \frac {xy}{|x|+|y|} $$
And I want to evaluate it's limit when $$ (x,y) \to (0,0)$$ My guess is that it tends to zero. So, by definition, if:
$$ \forall \varepsilon \gt 0, \exists \delta \gt 0 \diagup \\ 0\lt||(x,y)||\lt \delta , \left|\frac{xy}{|x|+|y|}\right| \lt \varepsilon $$ Then $$ \lim_{(x,y)\to(0,0)}\frac {xy}{|x|+|y|} = 0 $$ So:
$$ \left|\frac{xy}{|x|+|y|}\right| = \frac{|xy|}{|x|+|y|} = \frac{|x||y|}{|x|+|y|} \le 1 |y| \lt \delta $$
So for any $$\delta \lt \varepsilon$$ the inequality is true. Hence, the limit exists and is equal to zero.
Wolfram|Alpha says that the limit does not exist. Am I wrong or is Wolfram|Alpha wrong?
You are right, though you mix up the direction of proof (by what you write, you literally just show "if the limit exists, then it is $0$").
Given $\epsilon>0$, let $\delta=\epsilon$. Assume $(x,y)\ne(0,0)$ is a point with $|(x,y)|<\delta$. Then especially $0<r<\delta$ with $r:=\max\{|x|,|y|\}$ and hence $$ \left|\frac{xy}{|x|+|y|}\right|=\frac{|x|\cdot|y|}{|x|+|y|}\le \frac{r^2}{r+0}=r<\delta<\epsilon,$$ as was to be shown, i.e. $$ \lim_{(x,y)\to(0,0)}\frac{xy}{|x|+|y|}=0.$$