Step 1: Differentiating the given equation.
We are given the equation \( \frac{x}{\sqrt{1 + x^2}} + \frac{y}{\sqrt{1 + y^2}} = 0 \). We differentiate both sides with respect to \( x \) implicitly:
\[
\frac{d}{dx} \left( \frac{x}{\sqrt{1 + x^2}} \right) + \frac{d}{dx} \left( \frac{y}{\sqrt{1 + y^2}} \right) = 0
\]
Step 2: Applying the chain rule.
The derivative of \( \frac{x}{\sqrt{1 + x^2}} \) with respect to \( x \) is \( \frac{\sqrt{1 + x^2} - x \cdot \frac{x}{\sqrt{1 + x^2}}}{1 + x^2} \), and similarly for \( y \). Solving these, we get:
\[
(1 + x^2)^2 \frac{dy}{dx} = -1
\]
Step 3: Conclusion.
Thus, the value of \( (1 + x^2)^2 \frac{dy}{dx} \) is -1, which makes option (C) the correct answer.