ECON 503
Thank you Inventory Build-up and Little's Law (12 points) a. (9 points) Consider a firm that operates a cannery.
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Inventory Build-up and Little's Law (12 points) 

a. (9 points) Consider a firm that operates a cannery. All fish brought in by a fleet of fishing boats are processed at the cannery. The firm also has a freezer of unlimited size that stores unprocessed fish. There are three seasons. The fleet yields 2,400 tons/month during the first third of the year, 3,600 tons/month during the middle third and only 600 tons/month during the final third. The cannery's processing capacity equals 2,000 tons/month. 

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