Linear Functions. 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. read more
Linear functions happen anytime you have a constant change rate. Pretty much any time your hear "_____ per _____" or "_____ for every _____" there is a linear equation involved as long as that rate stays constant. Linear equations all look like this y= mx + b. M is your rate of change. read more