Concept:
If the solubility of a salt is \(s\), then we first write its dissociation and express ion concentrations in terms of \(s\).
Step 1: Write the dissociation of \(\text{AX}_2\).
\[
\text{AX}_2 \rightleftharpoons \text{A}^{2+} + 2\text{X}^-
\]
Step 2: Express ion concentrations in terms of solubility.
Given solubility:
\[
s = 1\times10^{-4}\ \text{mol dm}^{-3}
\]
So,
\[
[\text{A}^{2+}] = s = 1\times10^{-4}
\]
\[
[\text{X}^-] = 2s = 2\times10^{-4}
\]
Step 3: Write the expression of solubility product.
\[
K_{sp} = [\text{A}^{2+}][\text{X}^-]^2
\]
Substitute the values:
\[
K_{sp} = (1\times10^{-4})(2\times10^{-4})^2
\]
\[
K_{sp} = (1\times10^{-4})(4\times10^{-8})
\]
\[
K_{sp} = 4\times10^{-12}
\]
Hence, the correct answer is:
\[
\boxed{(B)\ 4\times10^{-12}}
\]