z is a constant, yes. e is also an arbitrary constant, not Euler's number. The only relationship between the constants is
b > d + z/f
I'm starting to wonder if I've missed something from context or something strange like that.
At this point I'd settle for proof that psi'(0) is negative iff z/(f^2) > e, which is the conclusion the authors draw, and as long as that's correct I think everything else hangs together.
I'm just thoroughly confused, because it seems highly unlikely that the authors would be wrong, but I can't see how they could be right either...
Cool, then I think we can get it
Inserting y=0 in the denominator makes it: f(b-d)-z = f( b - d - z/f), but b > d+z/f => b - d - z/f > 0, i.e. it can't be zero and (especially squared) it will be positive and therefore not affect the sign of the derivative.
So we just have to look at the nominator of the fraction derivative: n'(y) * d(y) - d'(y)*n(y)
I get
n'(y) = (d+ey) + (f+y)*e
d'(y) = (b-d-ey) +(f+y)*(-e)
Inserting 0 as y in these and slowly lifting the (negative) parentheses ends me with a lot of cancelling parts, so only bef
2 - bz is left
I.e. Phi'(0) = a*(bef
2 - bz) / f
2* 'something positive' = -ab*(z/f
2-e) / 'something positive'.
I.e. The sign of the derivative at y=0 is indeed negative iff z/f
2-e > 0 <=> z/f
2 > e
Let me know if you want to compare how I lift the parentheses.
(It would seem that there is an typo in the book, as the equation for phi'(0) would be correct if the denominator was squared.)