Find the Centroid of the Region Bounded by the Graphs $$y = x ^ { 2 / 3 } , y = 0 , \quad x = 8$$

question 29

Short Answer

Find the centroid of the region bounded by the graphs of the given equations.
$$y = x ^ { 2 / 3 } , y = 0 , \quad x = 8$$

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Marginal Utility

It describes the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Total Utility

The overall satisfaction or benefit received by consuming a product or service.