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    Linear Function

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    ShalemRaj
    The linear function is a simple function that graphs as a straight line. It has the form y = mx + b, where m is the slope and b is the y-intercept. Linear functions have one independent variable and one dependent variable with no exponents. They are useful in economics and other fields due to their simplicity. Linear functions can be added, multiplied, or divided and combinations of linear equations can model real world situations like profit.

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    Linear Function

    Uploaded by

    ShalemRaj
    209 views4 pages
    The linear function is a simple function that graphs as a straight line. It has the form y = mx + b, where m is the slope and b is the y-intercept. Linear functions have one independent variable and one dependent variable with no exponents. They are useful in economics and other fields due to their simplicity. Linear functions can be added, multiplied, or divided and combinations of linear equations can model real world situations like profit.

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    The linear function is a simple function that graphs as a straight line. It has the form y = mx + b, where m is the slope and b is the y-intercept. Linear functions have one independent variable and one dependent variable with no exponents. They are useful in economics and other fields due to their simplicity. Linear functions can be added, multiplied, or divided and combinations of linear equations can model real world situations like profit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    209 views4 pages

    Linear Function

    Uploaded by

    ShalemRaj
    The linear function is a simple function that graphs as a straight line. It has the form y = mx + b, where m is the slope and b is the y-intercept. Linear functions have one independent variable and one dependent variable with no exponents. They are useful in economics and other fields due to their simplicity. Linear functions can be added, multiplied, or divided and combinations of linear equations can model real world situations like profit.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    LINEAR FUNCTION

    INTRODUCTION
    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.

    Definition of a Linear Function


    A linear function is any function that graphs to a straight line. What this means
    mathematically is that the function has either one or two variables with no exponents or
    powers. If the function has more variables, the variables must be constants or known
    variables for the function to remain a linear function.

    Identifying Linear Functions


    To identify linear functions, you can create a checklist of several items the function must
    meet.
    1. The first item the function must satisfy is that it must have either one or two real
    variables. If another variable is present, it must be a known variable or constant. For
    example, the function C = 2 * pi * r is a linear function because only the C and r are
    real variables, with the pi being a constant.
    2. The second item is that none of the variables can have an exponent or power to them.
    They cannot be squared, cubed, or anything else. All variables must be in the
    numerator.
    3. The third item is that the function must graph to a straight line. Any kind of a curve
    disqualifies the function.
    So, linear functions all have some kind of straight line when graphed. The line could be going
    up and down, left and right, or slanted but the line is always straight. It doesn't matter where
    on the graph the function is plotted as long as the line comes out straight.

    Working with Linear Functions


    If you know that a function is linear, you can plot the graph using just two points. If you are
    unsure, you can use three or four points to double check.
    To figure out your points to plot them, set up a T-chart and start plugging in values for one of
    the variables. Plug the values into the function to calculate the other variable and note it on
    the T-chart. When you have filled the T-chart, go ahead and plot the points on the graph.
    Then, take a ruler and make a straight line through them. All linear functions will have points
    that are linked up nicely.
    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
    Example:
    y = 25 + 5x
    let x = 1
    then
    y = 25 + 5(1) = 30
    let x = 3
    then
    y = 25 + 5(3) = 40

    A simple example of a linear equation


    A company has fixed costs of $7,000 for plant and equuipment and variable costs of $600 for
    each unit of output.
    What is total cost at varying levels of output?
    let x = units of output
    let C = total cost
    C = fixed cost plus variable cost = 7,000 + 600 x
    OUTPUT

    TOTAL COST

    15 units

    C = 7,000 + 15(600) = 16,000

    30 units

    C = 7,000 + 30(600) = 25,000

    Combinations of linear equations


    Linear equations can be added together, multiplied or divided.
    A simple example of addition of linear equations
    C(x) is a cost function
    C(x) = fixed cost + variable cost
    R(x) is a revenue function
    R(x) = selling price (number of items sold)
    profit equals revenue less cost
    P(x) is a profit function
    P(x) = R(x) - C(x)
    x = the number of items produced and sold

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