Economic analyses of the reproductive performance, feed consumption, and body weight of turkeys in different environments (Thomason et a!., 1977(Thomason et a!., , 1978, when explicitly considering the opportunity cost of time, showed that 1) environmental temperatures between 21 and 23 C yield optimum returns to the fixed resources when temperature control was included in the cost of fixed resources; 2) females from unselected egg production stock maintained in individual laying cages yielded greater returns than those in litter-floor pens. 3) females maintained on conventional litter floors yielded greater returns than those maintained in laying cages when selected high egg production lines of turkeys were used; 4) replacing hens on a 3.34 month cycle may be optimal in a year-round breeder operation using unselected egg laying stock; 5) a replacement cycle of 6.36 months may be optimal in a year round breeder operation with selected eggproduction stock.The methodology of analyses is presented which may be applicable to other research data.