To find the product of two diagonal matrices \( A \) and \( B \), we multiply the corresponding diagonal elements. Since all off-diagonal elements are zero, the resulting matrix will also be a diagonal matrix. Therefore, the element at position (i, i) in the product matrix \( AB \) is simply the product of the elements at position (i, i) in matrices \( A \) and \( B \).
Step 1: Define Matrices
We have two diagonal matrices defined as follows:
\[
A = \begin{bmatrix} 5 & 0 & 0 \\ 0 & 1 & 0 \\ 0 & 0 & 3 \end{bmatrix}, \quad B = \begin{bmatrix} 6 & 0 & 0 \\ 0 & 4 & 0 \\ 0 & 0 & 8 \end{bmatrix}
\]