A. Suppose that the government is considering doing some or all of four policies that would reduce mortality risks from pollution. The table below shows the cost per statistical life saved for each of the policies. ' Cost per statistical life saved ' Policy ($millions) | A l 3.0 _l | B l 5.0 | l C l 6.5 l l D l 8.0 | 1. If only projects A, B, and C were implemented, what would this imply about the implicit value of a statistical life saved? Why? 2. If the people affected by the pollution were each willing to pay $850 for a reduction in mortality risk of 0.0001, would the government's decision concerning which policies to implement be correct? Why or why not