Exam (elaborations)
ECS2606 Assignment 1 Semester 2 2024 (583390) - DUE 15 August 2024
- Institution
- University Of South Africa (Unisa)
QUESTIONS WITH ANSWERS ECS2606 Assignment 1 Semester 2 2024 (583390) - DUE 15 August 2024
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[Company name]ECS2606
Assignment 1
Semester 2 2024
(583390) - DUE 15
August 2024
QUESTIONS WITH COMPLETE ANSWERS
, ECS2606 Assignment 1 Semester 2 2024 (583390) -
DUE 15 August 2024
1. Discuss and diagrammatically illustrate the fundamental balance principle.
[10]
Read the excerpt below and answer the question that follows: Africa has
made significant strides in the growth of its solar energy industry in recent
years, with the continent seeing an increase of over 1.8W in new solar
installations, primarily led by Egypt, South Africa, Kenya, Namibia, and
Ghana. In order to simultaneously speed up energy access and support
sustainable economic growth, Africa’s renewable energy mix has
increasingly switched away from conventional hydropower and thermal
facilities to renewable alternatives.
2. Explain and graphically illustrate how this technology will affect Africa’s
marginal cost curve for the supply of electricity. [10]
1. Fundamental Balance Principle
Discussion
The fundamental balance principle is an essential concept in various
fields, including economics, physics, and engineering. It refers to the idea
that systems should be in equilibrium, where all forces or influences are
balanced, leading to a stable state. In economics, this principle can be
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