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The slope of the isoquant is called the **_Marginal Rate of Technical Substitution (MRTS)_**. The MRTS tells us how much of one input a firm can give up when it adds one unit of another input, while still staying on the same isoquant (i.e., producing the same level of output). It's essentially the rate at which a firm can substitute one input for another in the production process without changing its output level. The MRTS is calculated as the absolute value of the slope of the isoquant. Mathematically, MRTS = - (Change in Capital / Change in Labor). The MRTS decreases as you move down along an isoquant, which reflects the diminishing marginal returns.
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