1) Rational functions are quotients of two polynomial functions. The parent rational function is f(x) = 1/x.
2) Graphs of rational functions can have vertical asymptotes where the function is undefined, horizontal asymptotes as constant lines the function approaches, and sometimes slant asymptotes.
3) Vertical asymptotes occur where the denominator is zero. Horizontal asymptotes occur depending on the relative degrees of the numerator and denominator: if the numerator degree is less than the denominator degree the horizontal asymptote is y=0, if the degrees are equal the horizontal asymptote is the quotient, and if the numerator degree is greater there is no horizontal asymptote.