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Linear Functions

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31 views1 page

Linear Functions

Uploaded by

api-357579360
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The linear function is popular in economics.

It is attractive because it is
simple and easy to handle mathematically. It has many important
applications.

Linear functions are those whose graph is a straight line.

A linear function has the following form

y = f(x) = a + bx

A linear function has one independent variable and one dependent variable.
The independent variable is x and the dependent variable is y.

a is the constant term or the y intercept. It is the value of the dependent


variable when x = 0.

b is the coefficient of the independent variable. It is also known as the slope


and gives the rate of change of the dependent variable.

Graphing a linear function

To graph a linear function:

1. Find 2 points which satisfy the equation

2. Plot them

3. Connect the points with a straight line

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