Is the graph of the following inverse relation a hyperbola?$$y=\frac kx$$
If yes, is it the only kind of hyperbola whose equation is an explicit function?
Is the graph of the following inverse relation a hyperbola?$$y=\frac kx$$
If yes, is it the only kind of hyperbola whose equation is an explicit function?
Yes, $$y=\frac kx$$ is a hyperbola. In fact, it is a type of rectangular hyperbola which you can read more about here.
This means that a function $y(x)$ that takes the form $$y-k=\frac {k}{x-h}$$ is also hyperbola.
I suppose that is the only type of hyperbolas that is a function since any rotation of this type of hyperbolas will immediately cause the plot to fail the vertical line test.
Thanks to @Blue:
Any (non-degenerate) hyperbola with a vertical asymptote is the graph of a function. Rectangularity is not a requirement.
It is a hyperbola, and you can even derive it from the original formula of a hyperbola using analytic geometry.
Let $a$ and $b$ be the axes of the $y=1/x$ hyperbola, while $x$ and $y$ are the axes of the $y^2-x^2=k$ hyperbola. If $a=(x+y)/2$ and $b=(y-x)/2$, then graphing the original $y^2-x^2=k$ formula by replacing y with b and x with a respectively we get the exact same hyperbola as $y=k/x$.