The land ownership was transferred in the hands of elite set of people after the end of the Norman Conquest.
<h3>What happened during the Norman Conquest?</h3>
As a result of the Norman Conquest in the eleventh century, there were a few reformations made in the ownership of land by the individuals. Less than 1% population held almost three-fourths of the total land.
Hence, the effects of the land ownership during the Norman conquest are as aforementioned.
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<u>Marginal Costs & Marginal benefits in a choice you made.</u>
Assume that I want to buy an ornament for hands. I spend $500 for purchasing an ornament. When I was supposed to see another I wish to buy that. But spending again for the ornaments also not a good idea. I am also not willing in spending $500 for the ornament. So, I decided to go for an ornament that costed only $250. No, my marginal benefit get decreased from $500 to $250. When I decided to go fro the second one or more than one of same good my marginal benefits decrease.
Marginal cost is something that changes in a smaller range in the production of one additional unit. For example I decide to manufacture 500 pens. i need raw materials for the production and a building and machine for production. The change in the cost or expenses that happens when I decide to produce 600 pens is the marginal cost.
<span>European Union is a international </span>organization<span> comprising of 28 </span>European<span> countries and governing common economic, social, and security policies.</span>