To calculate current and power in a 3-resistor circuit, it's essential to set up loop equations correctly, ensuring each component is included in at least one loop. The first loop equation was deemed correct, while the second loop was identified as incorrect due to mislabeling. It's important to label nodes and clarify loop paths to avoid confusion. Each loop must complete a circuit, and shared components can appear in multiple loops; however, the current through a resistor remains consistent across equations. Properly applying Kirchhoff's Voltage Law (KVL) requires attention to the direction of current flow to determine potential drops or rises accurately.