In a fixed-cost problem, choosing excessively large values for the maximum production quantity will result in
a. all reasonable levels of production.
b. no production.
c. no solution at all.
d. possibly a slow solution procedure.
d
RATIONALE: In a fixed-cost problem, the value of the maximum production quantity M should be large enough to allow for all reasonable levels of production, but choosing values of M excessively large will slow the solution procedure.
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