To solve this problem, we will use the principles of conservation of momentum and conservation of kinetic energy, due to the fact that the collision is elastic.
The initial momentum of the system is due to the moving block of mass \( M \) that is traveling at speed \( v \). The block at rest has no initial momentum. Therefore, the total initial momentum is given by:
After the collision, both blocks will have some momentum. Let the velocity of the second block be \( v_2 \) and the angle of the first block with respect to its original path be \(\theta\).
The total kinetic energy of the system is conserved in elastic collisions:
Substitute \(\left( \frac{v}{3} \right)^2\):
The speed of the second block after the collision is \frac{2\sqrt{2}}{3}v, which corresponds to the correct option.