Differentiate each function by applying the basic rules of differentiation
`2x^(3)`

Explanation

To differentiate the function \( y = 2x^3 \), we will apply the basic rules of differentiation. Here’s a step-by-step solution:

### Step 1: Identify the function
We have the function:
\[ y = 2x^3 \]

### Step 2: Apply the constant multiple rule
According to the constant multiple rule in differentiation, if you have a constant multiplied by a function, you can take the constant out of the differentiation. Here, the constant is \( 2 \).
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