[attachment=0:2xr8l6me]rectangles2.jpg[/attachment:2xr8l6me]
Yes,
the green-bordered triangle standing on top of the blue rectangle has greatest area,
among all the right-angled triangles whose hypotenuse rests on top of the blue rectangle.
It's area is 0.5(L)(L/2).
Same story for the triangles underneath the blue rectangle.
For those at the sides, the green-bordered one has area 0.5(W)(W/2).
The remaining area of the green square is the blue rectangle area.
Total area = 2(0.5)(L[sup:2xr8l6me]2[/sup:2xr8l6me]/2)+2(0.5)(W[sup:2xr8l6me]2[/sup:2xr8l6me]/2)+LW.
Alternatively, we could try to calculate the width and length of a circumscribing rectangle,
by calculating the chord lengths in the semicircles and solving for maximum product of rectangle sides.
This is far more work than noticing that all right-angled triangles within the semicircles have the same base,
therefore the one with maximum height has greatest area.
This happens when the circumscribing rectangle is a square.