Use the following to answer questions:
Figure: Monopoly Model 
-(Figure: Monopoly Model) Look at the figure Monopoly Model. When the firm is in equilibrium (that is, maximizing its economic profit) , its total cost is the area of rectangle _____ and its total revenue is the area of rectangle _____.
Definitions:
Money Supply
The complete tally of money-based assets available within an economy at a certain point, counting coins, cash, and holdings in savings and current accounts.
Reserve Requirement
A rephrased definition of Required Reserves: The regulation set by central banks determining the minimum amount of deposits that banks must hold as reserves and not lend out.
Discount Rate
The interest rate charged by central banks for loans to their member banks, influencing monetary policy and economic conditions.
Open Market
An open market refers to an unrestricted market with a wide array of economic participants and transactions where goods, services, and financial assets can be traded freely.
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