The standard EMF of the cell \(Mg(s)\,|\,Mg^{2+}(0.01\,M)\,||\,Ag^{+}(0.0001\,M)\,|\,Ag(s)\) is 3.17 V at \(25^{\circ}C\). The EMF of the cell at the same temperature is (2.303RT/F at \(25^{\circ}C\) is 0.06 V).
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Don't forget to square the concentration if the coefficient is 2.