7. The costs of many environmental regulations can be calculated in dollars—for instance, the cost of “scrubbers” that reduce the amount of air pollution emitted by a coal factory. The benefits of environmental regulations often are most directly expressed in terms of lives saved (reduced mortality) or decreases in the incidence of a particular disease (reduced morbidity). What does this imply about the cost-benefit analysis of environmental regulations? There is an old saying “You can’t put a price on a human life.” Do you agree or disagree? Explain.