Isoquants The possible combinations of inputs that will produce given level of output can be defined as isoquant: An isoquant; a curve that shows the efficient Combination of labor and capital that can produce a Single (iso) level of output (quantity).Thus, Q = (Lp + KP)1/P (2 - 12) The marginal rate of technical substitution for a CES isoquant is : MRTS = - (L/K)P-1 (2 - 13) At every point on a CES isoquant, the constant elasticity of substitution is: ?So, efficiency involves that isoquants do not cross.