Monoprice PID 8743 Wireless N ADSL2 Modem and Router 802 11N WPS Function 2T2R 300Mbps - Manual (Page 63)

ADSL2/2+ Router
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Modify the service description if necessary and then click the “Next”
button:

Obtain an IP address automatically: WAN port will
automatically obtain an IP address for accessing Internet from the
ISP, if this feature is selected.

Use the following Static IP address: select this feature if your
ISP provides you an IP address.

WAN IP Address: the IP address provided by your ISP for