Step 1: Add the matrices.
First, find \( A + B \):
\[
A + B = \begin{bmatrix} 1 & 1 \\2 & 1 \end{bmatrix} + \begin{bmatrix} 4 & 3 \\ 1 & 1 \end{bmatrix} = \begin{bmatrix} 5 & 4 \\ 3 & 2 \end{bmatrix}
\]
Step 2: Find the inverse.
Next, calculate the inverse of \( A + B \). The inverse of a 2x2 matrix \( \begin{bmatrix} a & b \\ c & d \end{bmatrix} \) is given by:
\[
\frac{1}{ad - bc} \begin{bmatrix} d & -b \\ -c & a \end{bmatrix}
\]
For \( A + B = \begin{bmatrix} 5 & 4 \\ 3 & 2 \end{bmatrix} \), the determinant is \( 5(2) - 4(3) = -2 \). Therefore, the inverse is:
\[
\frac{1}{-2} \begin{bmatrix} 2 & -4 \\ -3 & 5 \end{bmatrix} = \frac{1}{7} \begin{bmatrix} 3 & -2 \\ -4 & 5 \end{bmatrix}
\]
Step 3: Conclusion.
The correct answer is (C) \( \frac{1}{7} \begin{bmatrix} 3 & -2 \\ -4 & 5 \end{bmatrix} \).