In the expression \( 40x + 60y \), \( x \) represents the number of pairs of shoes, and \( y \) represents the number of jerseys. The coefficient \( 40 \) corresponds to the cost per pair of shoes, and \( 60 \) corresponds to the cost per jersey.
Given this interpretation, the correct statement is:
Manny spends $40 per pair in shoes.
The other statements are incorrect because:
- "Manny spends $40 in total on shoes" is not correct since \( 40x \) represents the total cost for \( x \) pairs of shoes.
- "Manny spends $60 per pair in shoes" is incorrect because \( 60 \) is the cost per jersey, not shoes.
- "Manny spends $20 per pair in shoes" is also incorrect since it does not match the \( 40 \) cost per pair of shoes.