Solve the Problem $x + y = 4$
A) $\bar { x } = \frac { 8 } { 3 } , \bar { y } = \frac { 8 } { 3 }$

question 256

Multiple Choice

Solve the problem.
-Find the centroid of the region cut from the first quadrant by the line $x + y = 4$ .

• A) \(\bar { x } = \frac { 8 } { 3 } , \bar { y } = \frac { 8 } { 3 }\)
• B) \(\bar { x } = 1 , \bar { y } = 1\)
• C) \(\bar { x } = \frac { 4 } { 3 } , \bar { y } = \frac { 4 } { 3 }\)
• D) \(\bar { x } = 2 , \bar { y } = 2\)

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Definitions:

Herfindahl Index

A measure of market concentration to assess the level of competition within an industry, calculated by summing the squares of each company's market share.

Highly Elastic

Describes a situation where demand for a product is highly sensitive to changes in price, leading to significant changes in quantity demanded.

Highly Inelastic

A situation in which demand or supply changes very little in response to large changes in price, often applicable to essential or unique goods and services.