CMJs are cheaper simply because it's an easier method of producing "FMJ-like" bullets; instead of having to stamp out the cores and jackets separately, and then swaging them together (sometimes in the same machine, but still separately), CMJs are produced by swaging out cores that are ALMOST to the right diameter, then running them through an electroplating fluid/process on a conveyor belt, so they're plated with copper when they come out at the other end. The enclosed base FMJs in the first photo have to add yet ANOTHER step to the FMJ manufacturing process, by stamping a base cup onto the core before the true jacket is added.