Concept:Use the Nernst equation for the oxidation half-cell after reversing the given reduction potential.Explanation:Given reduction potential: E∘(Mg(aq)2+∣Mg(s))=−2.37V.For oxidation, Mg(s)→Mg(aq)2++2e−, the standard oxidation potential is the reverse sign:Eox∘=+2.37V.Apply the Nernst equation for oxidation at 298 K:E=Eox∘−n0.0592log[Mg2+]Here, n=2 and [Mg2+]=0.01M.E=2.37−20.0592log(0.01)E=2.37−20.0592(−2)E=2.37+0.0592=2.4292V.Thus, the potential is positive and equals +2.4292V.Answer:+2.4292V (Option C).