Metered utilization is a pricing model for cloud computing services, where the customer pays only for the amount of resources that are consumed, such as CPU time, memory, storage, bandwidth, etc. The customer is billed based on the actual usage of the resources, rather than a fixed or upfront fee. Metered utilization is also known as usage-based pricing or pay-per-use. Pay-as-you- go is an example of metered utilization, where the customer pays for the cloud resources on demand, without any long-term commitment or contract. The customer can scale up or down the resources as needed, and only pay for what is used. Pay-as-you-go is a flexible and cost- effective option for customers who have unpredictable or variable workloads, or who want to try out new services or features.