(a) The magnetic potential due to a magnetic dipole at distance r is
$\ \ \ \ \ \ \ \ V = \frac{\mu_{0}}{4\pi}\frac{M\cos\theta}{r^{2}}$
On the right bisector($ie$, on axial line), $\theta = 0{^\circ}$
$\therefore\ \ \ \ \ v = \frac{\mu_{0}}{4\pi}\frac{M}{r^{2}}$
or $\ \ \ V \propto \frac{1}{r^{2}}$