No it doesn't. If you know something will kill people, economic arguments are not considered sufficient. This was famously decided when it was revealed Ford elected not to recall the Pinto on the basis of paying compensation was cheaper then the fleet maintenance they had to do.
Not considered sufficient to avoid penalties in a court of law. But even that example can be reframed as a failure to calculate total risk in the cost / benefit analysis (i.e. they should have factored in the risk of a lawsuit and federal fine).
