Step 1: See why we cannot just subtract potentials.
Standard potentials are intensive, so when half-reactions involve different electron counts we must first turn them into Gibbs free energies, which do add up. The link is \[ \Delta G^\circ = -nFE^\circ \]
Step 2: Write the known half-reactions.
Reaction A: \(Fe^{3+} + 3e^- \rightarrow Fe\), \(E^\circ = -0.04\ V\), \(n=3\).
Reaction B: \(Fe^{2+} + 2e^- \rightarrow Fe\), \(E^\circ = -0.44\ V\), \(n=2\).
Step 3: Express the target.
We want \(Fe^{3+} + e^- \rightarrow Fe^{2+}\) with \(n=1\). This equals reaction A minus reaction B.
Step 4: Combine the free energies.
\[ \Delta G^\circ_{target} = \Delta G^\circ_A - \Delta G^\circ_B = -3F(-0.04) - [-2F(-0.44)] \] \[ = (0.12F) - (0.88F) = -0.76F \]
Step 5: Convert back to a potential.
For the target \(n=1\), so \[ E^\circ = -\frac{\Delta G^\circ}{nF} = -\frac{-0.76F}{1\cdot F} = +0.76\ V \]
Step 6: State the answer.
The potential for \(Fe^{3+}/Fe^{2+}\) is \(+0.76\ V\), option 3.
\[ \boxed{E^\circ = +0.76\ \text{V}} \]