Final answer:
The limiting reactant is magnesium and the excess reactant is oxygen.
Step-by-step explanation:
Step 4: The reactant that produces a smaller amount of product is the limiting reactant. Mg produces less MgO than does O₂ (3.98 g MgO vs. 25.2 g MgO), therefore Mg is the limiting reactant in this reaction. Step 5: The reactant that produces a larger amount of product is the excess reactant.