∻Answer∻
⚹ The ranking of currents is: Z (1), Y (2), X (3). The expressions for $I_X$ and $I_Y$ are $\frac{\varepsilon}{8R}$ and $\frac{\varepsilon}{4R}$, respectively. The power dissipated by each resistor immediately after $t_X$ and $t_Y$ should be calculated and compared. The student's claim that $P_Y$ is equal to $P_X$ is incorrect. ⚹
∻Key Concept∻ ⚹ Kirchhoff's Current Law (KCL) and Ohm's Law ⚹
∻Explanation∻ ⚹ By analyzing the circuit using KCL and Ohm's Law, we can determine the current distribution and power dissipation in the circuit. ⚹