It appears aws is charging $1/hr with a 24 hr minimum which is similar to every other provider out there that is offering MacOS instances.
I was excited to see that AWS was offering these as I assumed it would be priced just like everything else - hourly with no minimums.
I literally need access a few hrs a month for submitting binary updates to the app store. And I suspect there are a lot of other users with this same use case which may explain the consistent policy of minimum monthly usage.