Engineering Thermodynamics
First law of thermodynamics furnishes the relationship between

Various properties of the system
Heat and work
Heat, work and properties of the system
Various thermodynamic processes

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Engineering Thermodynamics
The thermodynamic difference between a Rankine cycle working with saturated steam and the Carnot cycle is that

A Rankine cycle receives heat at two places
Rankine cycle is hypothetical
Heat is supplied to water at temperature below the maximum temperature of the cycle
Carnot cycle can't work with saturated steam

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