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 step by step.

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

### Step 2: Write the derivative
We want to find the derivative of \( y \) with respect to \( x \), denoted as \( \frac{dy}{dx} \):
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