We are given that \( y = vx \), so differentiating both sides with respect to \( x \), we get:
\[
\frac{dy}{dx} = v + x \frac{dv}{dx}.
\]
Now, substitute \( y = vx \) into the given differential equation:
\[
v + x \frac{dv}{dx} = \frac{vx}{x} + \frac{f(v)}{f'(v)}.
\]
Simplifying:
\[
v + x \frac{dv}{dx} = v + \frac{f(v)}{f'(v)}.
\]
Canceling \( v \) from both sides:
\[
x \frac{dv}{dx} = \frac{f(v)}{f'(v)}.
\]
This can be rewritten as:
\[
\frac{f'(v)}{f(v)} \, dv = \frac{1}{x} \, dx.
\]
Thus, the differential equation reduces to:
\[
\frac{f'(v)}{f(v)} \, dv = \frac{1}{x} \, dx.
\]
Therefore, the correct answer is option (C).