neutrino said:
Actually my reply will be something like "I
know the answer will be one whenever you ask me." j/k

But that appears to be the "intuitive" reply a non-mathematician like me would give.
The reason you would say this is:
<br />
\lim_{x \rightarrow \infty} 1^x =1<br />
Certainly you can take the next step and
define 1^{\infty} to be one if you like. But this definition is only one of many inconsistent definitions that could be made. Since
<br />
\lim_{x \rightarrow \infty}{\left(1+\frac{1}{x}\right)^{x}} = e<br />
why not define 1^{\infty} as e? Or for that matter, as any arbitrarily chosen number, since:<br />
\lim_{x \rightarrow \infty} \left(1+\frac{1}{x}\right)^{n x} = e^{n}<br />
The crux of the matter is, infinity doesn't obey the rules that numbers obey. It can't - this is provable. A great deal of trouble occurs when people take laws of arithmetic and try to apply them to infinity. If you assume that infinity obeys all the same laws of arithmetic, then you have assumed a contradiction, and are able to "prove" anything.
neutrino said:
Btw, how does one resolve the apparent contradiction in the Hurkyl's post? That's the first time that I've seen a limit applied to the power.
The apparent contradiction comes about because the very first split (the splitting of the limit into two limits, taken in a particular order) is not a valid operation. You can't manipulate limits in this way. To take a similar example from Rudin's book
Principles of Mathematical Analysis, what is:
\lim_{m\rightarrow\infty}\lim_{n\rightarrow\infty}\frac{m}{m+n}
The answer you get depends on the order in which you take the limits. You have to be very careful when working with limits to make sure each step in a derivation is justified. The first step in
Hurkyl's isn't.