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ECS2606 Assignment 1 (Complete Answers) Semester 1 - Due: 14 March 2024 $2.96   Add to cart

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ECS2606 Assignment 1 (Complete Answers) Semester 1 - Due: 14 March 2024

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ECS2606 Assignment 1 (Complete Answers) Semester 1 - Due 14 March 2024

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  • March 9, 2024
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ECS2606
ASSIGNMENT 1 (SEMESTER 1)

DUE DATE: 14 March 2024




Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no
later than 14 March 2024. Kindly note that fax or email submissions will not be accepted.


NB: Assignment submitted to the lecturer(s) through email will not be considered.


QUESTIONS:

1. Discuss the implications of the first and second law of thermodynamics for the processes
of production and consumption in the economy. [10]

Answer:
The first and second laws of thermodynamics have significant implications for the processes
of production and consumption in the economy.

First Law of Thermodynamics (Conservation of Energy):
• Energy cannot be created or destroyed, only transformed from one form to another.
• Total energy input into an economic system must equal total energy output.
• Emphasizes importance of efficiency in resource utilization.
• Highlights finite nature of energy resources, necessitating transition to renewable energy
sources.

Second Law of Thermodynamics (Law of Entropy):
• Total entropy of a closed system always increases over time.
• Energy tends to disperse and become more chaotic with use.
• Leads to energy loss, waste heat, pollution, and environmental degradation.

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