Step 1: Understanding the Question:
The problem requires computing the composite function $(f \circ g)(x)$, which means evaluating the function $f(x)$ using $g(x)$ as its input variable.
Step 2: Key Formula or Approach:
The definition of a composite function tells us that:
$$(f \circ g)(x) = f(g(x))$$
We will take the algebraic expression for $g(x)$ and substitute it wherever an $x$ appears inside the formula for $f(x)$.
Step 3: Detailed Explanation:
We are given:
$$f(x) = \frac{x}{2x+1} \quad \text{and} \quad g(x) = \frac{x}{x+1}$$
Substitute $g(x)$ into the function $f$:
$$f(g(x)) = \frac{g(x)}{2g(x) + 1} = \frac{\frac{x}{x+1}}{2\left(\frac{x}{x+1}\right) + 1}$$
To simplify the denominator expression, find a common denominator:
$$2\left(\frac{x}{x+1}\right) + 1 = \frac{2x}{x+1} + \frac{x+1}{x+1} = \frac{2x + x + 1}{x+1} = \frac{3x+1}{x+1}$$
Now, substitute this simplified denominator back into our fraction compound:
$$f(g(x)) = \frac{\frac{x}{x+1}}{\frac{3x+1}{x+1}}$$
Cancel the common $(x+1)$ term from both denominators:
$$f(g(x)) = \frac{x}{3x+1}$$
Step 4: Final Answer:
The composite function resolves to $\frac{x}{3x+1}$, which matches option (B).