We are asked to find the area bounded by the curves \( y = x^2 \) and \( y = 2x \) in the first quadrant.
Step 1: First, find the points of intersection of the two curves. Set the equations equal to each other:
\[
x^2 = 2x
\]
This simplifies to:
\[
x^2 - 2x = 0
\]
\[
x(x - 2) = 0
\]
Thus, the solutions are \( x = 0 \) and \( x = 2 \). These are the points of intersection of the curves in the first quadrant.
Step 2: The area between the curves from \( x = 0 \) to \( x = 2 \) is given by the integral:
\[
A = \int_0^2 \left( 2x - x^2 \right) \, dx
\]
Step 3: Now, evaluate the integral:
\[
A = \int_0^2 2x \, dx - \int_0^2 x^2 \, dx
\]
\[
A = \left[ x^2 \right]_0^2 - \left[ \frac{x^3}{3} \right]_0^2
\]
\[
A = (2^2 - 0^2) - \left( \frac{2^3}{3} - \frac{0^3}{3} \right)
\]
\[
A = 4 - \frac{8}{3}
\]
\[
A = \frac{12}{3} - \frac{8}{3} = \frac{4}{3}
\]
Thus, the area bounded by the curves is \( \frac{4}{3} \).
Therefore, the correct answer is option (B).